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.

The biggest Powerball jackpot of the year continues to grow, with an estimated prize of $700 million after no ticket matched all winning numbers in Wednesday's drawing.

There was no grand prize winner, but there was a Match 5 plus Power Play winner worth $2 million in Tennessee and a Match 5 winner worth $1 million in Michigan and Oklahoma.