Powerball jackpot at $535,000,000 for Saturday drawing

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UNDATED (CNN) -- More than half-a-billion dollars will be on the line in Saturday night's Powerball drawing.

courtesy: MGN Online

The jackpot has reached $535,000,000 because there's been no winner since June 10. The number represents one of the top ten Powerball jackpots of all time. However, the odds of winning are estimated to be one in 292,000,000.

Winners would get close to the advertised amount only if they choose to receive payments spread out over 29 years. If not, they would receive an estimated cash payout of about $340,000,000.

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