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Powerball Jackpot Jumps to $800 Million

The drawing is Saturday night.

ByABC News

January 8, 2016, 11:12 AM

 -- The jackpot in Saturday's Powerball drawing is now $800 million.

The potential winnings continue to increase as more millionaire-hopefuls buy tickets.

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The winner can choose to spread the jackpot over 29 years or receive the winnings in one cash payout of $496 million (before taxes).

PHOTO: Jay Suthar works the lottery machine at Pine Liquors in Fort Washington, Jan. 8, 2016. — Jay Suthar works the lottery machine at Pine Liquors in Fort Washington, Maryland, Jan. 8, 2016.

Saturday's drawing is the largest jackpot in lotto history.

"All eyes are on Saturday’s game," Tracey Cohen, interim executive director of the DC Lottery, said in a press release on Thursday. "It's historic. It's exciting."

Get real-time updates as this story unfolds. To start, just "star" this story in ABC News' phone app. Download ABC News for iPhone here or ABC News for Android here.