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The Powerball jackpot reaches $ 400 million

The Powerball jackpot reached approximately $ 400 million after 28 jackpot-free draws.

Powerball will hold another draw on Saturday night at 22:59 ET.

The jackpot has a cash value of $ 240.8 million.

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Powerball ticket (iStock / iStock)

The $ 400 million jackpot comes as Powerball celebrates its 30th anniversary.

The last Powerball jackpot was hit on February 14 by a man in Connecticut, with one ticket winning the $ 185.3 million jackpot.

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Ticket for the American Powerball Lottery at the Kenmare Street store in Manhattan, New York, USA, February 22, 2017 (Reuters / Andrew Kelly / Reuters photos)

During the January 5 draw, two tickets sold in both California and Wisconsin split $ 632. 6 million jackpot.

Powerball reached a record high jackpot of $ 1.586 billion in 2016, shared by winners in California, Florida and Tennessee.