1. The current Powerball jackpot is $345 million.

Powerball drawings are held regularly, with the next one on Saturday, August 26 at 11 p.m. ET.

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1. Each entry in Powerball is known as a "line," and it costs $2 per line. 2.

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1. Players must select six numbers: five white ball numbers between 1 and 69, and one red Powerball number between 1 and 26.

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1. To win the jackpot, you need to match all five white balls and the red Powerball. 2.

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1. Prizes are also awarded for matching fewer numbers, such as 5 white balls (without the Powerball), which wins you $1 million. 2.

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1. Matching 4 white balls and the Powerball results in a base prize of $50,000.

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1. The 10x Power Play multiplier is available only when the advertised jackpot is less than $150,000,000.

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1. Powerball offers various prize levels, making it possible to win significant amounts even if you don't hit the jackpot.

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