Powerball jackpot reaches $348 million

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Sunday, May 1, 2016
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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
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