Powerball jackpot reaches $700 million, drawing Wed. night at 7:59

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PHOENIX (3TV/CBS 5) -

The countdown is on for the second largest jackpot in Powerball history.

 $700 million is up for grabs. If you choose the lump sum, the take-home pay comes out to $443.6 million. 

The cut-off to buy a Powerball ticket for this jackpot is 6:59pm Arizona time today. Tickets cost $2 each.

The winning numbers will be displayed today on the powerball.com website at 7:59 p.m. Arizona time. 

A lottery spokesperson said the first thing you should do after buying a ticket is sign your name on the back so nobody tries to claim the ticket if you have the winning numbers.

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