Powerball jackpot reaches $348 million

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Sunday, May 1, 2016
Powerball ticket

What would you do with $348 million?

No one took home Saturday's Powerball jackpot, and now the prize has surged to $348 million.

VIDEO: What to keep in mind if you win the Powerball jackpot

Do you have a strategy when it comes to playing Powerball?

The prize is expected to grow even more by next Wednesday's drawing.

You can do a lot with $348 million, but you'll only get that amount if you take the annuity, the money paid out over 30 years.

If you're a lump sum kind of player, you'll take home a cash value of about $226 million, which is still plenty of money.

VIDEO: Powerball ticket worth at least $1M sold in Houston

From California to Florida, Powerball fever has elevated three to multi-millionaire status...and four to millionaire status in Texas.

Related: Powerball Fever

VIDEO: Workers ecstatic after thinking they won the Powerball (hint: yhey didn't)

Check out this video showing the reaction of the workers when they thought they won the Powerball.

See also: Don't believe this Powerball meme going around

A customer shows his purchased Powerball tickets at a grocery store in Hialeah, Fla., Monday, Jan. 11, 2016. The Powerball jackpot has grown to over $1 billion.
Alan Diaz/AP