The jackpot for tonight’s Powerball drawing has jumped to $500 million. The half-billion dollar jackpot is the fifth-largest Lottery jackpot ever.

The $500 million jackpot is the largest Powerball jackpot in the past 12 months. In February 2014, a California man won a $425.3 million jackpot. The cash option for Wednesday’s jackpot is nearly $338 million.

The Powerball jackpot last was won on Nov. 29, 2014 by a Washington state woman. There have been 20 Powerball drawings since that jackpot was won.

Powerball was a lucrative game for Michigan Lottery players in 2014. Four players won the game’s $1 million prize, including three winners in a four-day span last February.

If a Michigan player wins Wednesday’s $500 million Powerball jackpot, it would be the largest Lottery prize ever won in the state. Donald Lawson, of Lapeer, won a $337 million Powerball jackpot on Aug. 15, 2012. Lawson’s jackpot holds the record for the largest Lottery prize ever won in Michigan.

Players still have plenty of time to purchase tickets for Wednesday night’s drawing. Lottery retailers throughout the state are selling Powerball tickets for the drawing until 9:45 p.m. Wednesday.

Powerball plays may be purchased for $2 each at Lottery retailers across the state. A “Power Play” option that multiplies non-jackpot prizes by up to five times may be added to any Powerball play for only $1.

The Powerball drawing takes place at 10:59 p.m. and may be watched live on the Lottery’s network of stations: WBKB-TV 11 (CBS), WDIV-TV 4 (NBC), WNEM-TV 5 (CBS), WXSP-TV (MyNetwork TV), WLAJ-TV 53 (ABC), WLUC-TV 6 (NBC/FOX) and WGTU-TV 29/WGTQ-TV 8 (ABC). Additionally, the drawing may be watched online at: http://www.powerballlive.com/powerball.