UPDATE: $500 Million Florida Powerball Drawing is Tonight

Who's left on your holiday shoppling list? Maybe you can buy something for everyone if you win the next Powerball Jackpot.

The Powerball Jackpot is climbing and went from a whopping $425 million on Monday to an astonishing $500 million on Tuesday. That's a cash value of $327.4 million according to Powerball.com.

All you have to do to play is buy a ticket for $2 at a local gas station, grocery store or convenience store by 10 p.m. Wednesday night. Feel free to play your lucky numbers or try a quick pick if you can't decide.

When to buy a ticket:

According to Powerball.com, drawings are held on Wednesday and Saturday nights at 10:59 p.m. Eastern Time. Tickets have to be purchased by 10 p.m. Eastern Time on the night of the drawing. Anything bought after 10 p.m. on Wednesday will be for the next drawing.

Also note that all prizes have to be claimed within 180 days of the drawing and in the state where it was bought.

Florida has the third highest active lottery sales in the nation and leads in Powerball wins, the Sun-Sentinel reports:

"We've led the nation since we added Powerball in 2009, both in winners and in sales," the Florida Lottery's Shelly Gerteisen said.

However, when it comes to hitting the jackpot in Florida, that chances goes way down. Only four people have hit the Powerball jackpot in Florida, according to a Powerball analysis website. Florida joined Powerball in 2009 and the multi-state lottery has had 53 winners since then. Indiana leads in jackpot wins with 19 followed by Pennsylvania at 15.

Second place isn't a bad consolation prize, though. Florida has had 159 second-prize Powerball winners, according to the Powerball analysis site.

Lottery anaylsis website USA Mega broke down what you could expect to take home after taxes in the $550 million jackpot state by state.

For Florida, you do not have a state lottery tax nor an income tax, so it's just the federal taxes that will come your way. The site says your one-time payout would be $270,150,000.

Take the 30-year annuity payments, and it's $412.5 million, bringing home $13.75 million each year, according to USA Mega.

Where to buy a ticket:

Go to Florida Lottery's website and enter your zip code for a list of retailers near you.

Circle K  5320 N. Florida Ave

4 Da Lo Grocery 3315 N. Nebraska Ave.  

Armenia BP  4403 N. Armenia Ave.

Armenia Deli Rally 2356 W Hillsborough Ave

C Mart 702 W Martin Luther King Blvd.

Coastal Mart 3115 N. Nebraska Ave.

Farm Store Express 5701 N. Armenia Ave.

Fat Boy 1345 E Osborne Ave.

Giant #122 502 E Dr. Martin Luther King Jr. Blvd.

Gita Food Store 4804 N. FloridaAve.

Kwik Food Mart 5018 N. Armenia Ave.  

Low Cost Supermarket 3717 N. Central Ave.

BP  3930 N. Nebraska Ave.

Nebraska Texaco 4802 N. Nebraska Ave.

Silver 7 Food Mart 1701 W,. Hillsborough Ave.

Sunrise Market 104 W. Woodlawn Ave

Sweetbay #1727 2333 W. Hillsborough Ave.

Sweetbay #1838 805 E. Martin Luther King Jr. Bbld.

Ten Star Deli and Supermarket 1202 E. Martin Luther King Jr. Blvd.

USA Grocer #1153/390 904 W Dr. Martin Luther King Jr. Blvd.

Checkout the Florida Powerball website for details. You can even watch the drawings!