The Powerball jackpot for Aug. 27 sits at $850 million with a cash value of $383.7 million. It's the 6th largest jackpot in Powerball history.

The Powerball lottery jackpot has climbed to $850 million for Wednesday's drawing, marking the game's sixth-largest prize in history. The winner can choose between an annuitized prize of $850 million or a lump sum payment of $383.7 million before taxes. The cash option was increased from $815 million due to strong ticket sales nationwide.