New Delhi, Sept. 7 -- A staggering $1.8 billion Powerball jackpot is set to be drawn on Saturday, September 6, at 10:59 p.m. ET, according to the Multi-State Lottery Association. Depending on state rules, ticket sales will close one to two hours before the drawing.

The Powerball drawing is the lottery event where the winning numbers for the Powerball game are randomly selected.

How it works: Five white balls are drawn from a drum of 69 balls, and one red "Powerball" is drawn from a drum of 26 balls.

Winning: Players win prizes by matching numbers, with the jackpot going to those who match all six.

"This is a thrilling chance at life-changing money," said Victor Matheson, an economics professor at the College of the Holy Cross. "Two do...