Powerball Jackpot Climbs to $1.8 Billion for Upcoming Saturday Draw

The Powerball lottery is set for a potentially record-breaking night this Saturday with a jackpot estimated at $1.8 billion, after no winners claimed Wednesday's $1.4 billion prize. The cash payout for Saturday's draw, before taxes, would be approximately $826.4 million.

Wednesday's winning numbers were 3, 16, 29, 61, and 69, accompanied by a Powerball of 22. However, no one was fortunate enough to match all six numbers.

This Saturday could see the second-largest jackpot in the history of U.S. lotteries, only surpassed by the amount collected on November 7, 2022, in California.

Throughout its 33-year existence, Powerball has seen its jackpot exceed the $1 billion mark on six occasions, including the forthcoming event.

So far this calendar year, the Powerball jackpot has been conquered four times by various winners.

A Lengthy Streak of Draws

The drawing this Saturday marks the 42nd consecutive instance since the last jackpot win on May 31, involving a ticket sold in California. This run mirrors the longest series of draws without a jackpot winner in Powerball history.

In a similar scenario, a streak of 42 draws also concluded on April 6, 2024, with a substantial $1.326 billion won in Oregon.

Winner's Options

A sole victor who secures this Saturday’s grand prize can opt between the full annuity valued at an estimated $1.8 billion or receive a one-time cash payment of around $826.4 million. Selecting the annuity means an immediate disbursement followed by 29 yearly payments, each rising by 5%.

The likelihood of clinching the top prize stands at 1 in 292.2 million. Powerball draws occur thrice weekly—on Monday, Wednesday, and Saturday evenings at 11 p.m. ET.

Lottery Access

Powerball tickets are obtainable in 45 U.S. states along with the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.