Powerball Jackpot Reaches $700 Million

Introduction
The Powerball jackpot has reached an unprecedented height of $700 million, making it the eleventh-largest jackpot in the game's history. This highly anticipated event has generated a lot of buzz and excitement among lottery enthusiasts across the country.
Key Details
The Powerball jackpot has been growing since June 1st, when it was reset to $20 million. With no winner in the last drawing, the jackpot has now rolled over 21 times, reaching the jaw-dropping amount of $700 million. The odds of winning the grand prize are 1 in 292.2 million, making it a highly sought-after and elusive win.
As the excitement continues to build, people across the country have been rushing to buy their tickets in hopes of being the lucky winner. The drawing for the $700 million jackpot will take place on Wednesday, August 23rd, at 10:59 PM ET. The winning numbers will be announced on CBS News, so be sure to tune in and see if you hold the lucky ticket.
Impact
If there is a winner for the $700 million Powerball jackpot, they will have the option of taking the full jackpot amount over 30 years, or a one-time lump sum cash payout of about $443.3 million. This massive jackpot has the potential to change someone's life and fulfill their