If a winner matches all five numbers and the red Powerball, the cash option, before taxes, will be $229.2 million, the Powerball website said.
After the price of a ticket rose from $1 to $2 in January 2012, jackpots in the game, available in 44 states and the District of Columbia, grew dramatically, ABC News said.
"The game changed about a year ago. More people are playing, which makes it (the jackpot) grow even quicker," said Rebecca Hargrove, president of the Tennessee Lottery Corp.
The chances of striking it rich are 1 in 175,000,000, or 25 times less likely than winning an Academy Award, ABC noted.