The Powerball jackpot has hit $700 million after no one matched all six numbers in the Wednesday, Aug. 20 drawing.

The lucky winner of Saturday's drawing could choose between the full jackpot paid in annual installments over 29 years or a one-time cash payment of $316.3 million before taxes, according to Powerball.

More than 755,000 other Powerball tickets sold in the United States also won prizes ranging from $4 to $1 million, the lottery said.