Australians are getting ready for the biggest lottery jackpot in history, with the Powerball draw set to reach an incredible $100 million.

The record breaking prize is the largest ever offered in the country and will be up for grabs on Thursday night. The draw is the result of eight weeks of rollovers, with no winner in the last seven draws.

The new jackpot has been estimated to be worth $100 million, but will be confirmed on the night of the draw.

The massive prize has drawn in lottery players from across the country, with many hoping to be the lucky winner of the life-changing sum of money.

Powerball tickets can be purchased from most newsagents, or online for those aged 18 and over.

The draw will take place at 8:30 PM AEST on Thursday, and will be broadcast live on television.

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