The Powerball jackpot has surged to a whopping $526 million, setting the stage for one of the largest drawings of the year. For those opting for the lump-sum payout, the cash option stands at $241 million, before taxes.

Tickets cost $5.00 per play, a price that typically includes Power Play or Double Play add-ons. To qualify for tonight’s drawing, players must purchase their tickets by 9:00 PM local time on Wednesday.

To win the top prize, participants must correctly match five white numbers and the red Powerball. But be warned—the odds of winning the jackpot are a steep 1 in 292,201,338.

Payout Options

Winners can choose between the full $526 million paid out over 30 years in annual installments or a one-time cash payout of $241 million. Either option will be subject to federal and, in most cases, state taxes. Lottery officials strongly encourage winners to seek legal and financial advice before claiming any major prize.

A Game of Chance

Although the massive prize is generating excitement nationwide, officials remind the public to play responsibly. While smaller prizes can still be won for matching fewer numbers, the odds of winning any prize stand at roughly 1 in 25.

The Powerball drawing takes place tonight. Don’t forget to check your numbers—and good luck.