The USA Powerball jackpot has reached a historic high of $1.6 billion for this Saturday’s drawing.
The previous record was set in 2016 when tickets in California, Florida and Tennessee won a $1.56 billion jackpot, Powerball said in a statement Friday.
“We are witnessing history in the making with this $1.6 billion jackpot! What’s also exciting is that this run has already created millions of winners, including nearly 100 players who have won prizes worth $1 million or more,”said Powerball Product Group Chair and Pennsylvania Lottery Executive Director Drew Svitko.
The jackpot has a cash value of $782.4 million.
The Powerball drawing will take place at 10:59 p.m. on Saturday at the Florida Lottery draw studio in Tallahassee. If no one wins the jackpot it will be the 40th drawing in a row without a grand prize winner. The longest jackpot run without a grand prize winner ended on Oct. 4 2021 when a ticket in California won on the 41st drawing.
According to Powerball the odds of winning the jackpot are one in 292.2 million.
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