The Powerball® jackpot continues to climb through billion-dollar territory – and is quickly approaching its world record jackpot amount! The jackpot is estimated at $1.5 billion with a cash option of $745.9 million for the next drawing on Saturday, Nov. 5.
If a player wins Saturday’s jackpot, it will be the second-largest jackpot in Powerball history and third-largest jackpot in U.S. lottery history, only behind the world record $1.586 billion Powerball jackpot and the $1.537 billion Mega Millions® jackpot.
The jackpot rolled after no ticket matched all six numbers drawn Wednesday night – white balls 2, 11, 22, 35, 60, and red Powerball 23.
Despite no jackpot winner in last Wednesday’s drawing, more than 7.2 million tickets won cash prizes totaling $74.9 million. Big winners include 16 tickets (AZ, CA-2, CO, GA-2, MD-2, MN, NC, NJ-2, NY, OR, TX, VA) that matched all five white balls to win a $1 million prize. Three tickets (AR, MT, NJ) matched all five white balls and increased the prize to $2 million by including the Power Play® option for an additional $1 per play. There were also 189 tickets nationwide that won a $50,000 prize and another 49 tickets that won a $100,000 prize.
Saturday will be the 40th Powerball drawing since the jackpot was last won on August 3 in Pennsylvania. If no one wins the jackpot in Saturday’s drawing, it will tie the game record for the number of consecutive drawings without a grand prize winner. The longest jackpot run in Powerball history ended on Oct. 4, 2021, when a ticket in California won a $699.8 million jackpot on the 41st drawing.
Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Powerball drawings are broadcast live every Monday, Wednesday, and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live-streamed online at Powerball.com.
Jackpot winners may receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump sum payment. Both advertised prize options are before federal and jurisdictional taxes. The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Powerball holds the world record for the largest jackpot set in 2016. Winners shared the record $1.586 billion jackpot in California, Florida, and Tennessee.
Top 10 Powerball Jackpots
1. $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
2. $1.5 Billion (Est.) – Nov. 5, 2022
3. $768.4 Million – March 27, 2019 – WI
4. $758.7 Million – Aug. 23, 2017 – MA
5. $731.1 Million – Jan. 20, 2021 – MD
6. $699.8 Million – Oct. 4, 2021 – CA
7. $687.8 Million – Oct. 27, 2018 – IA, NY
8. $632.6 Million – Jan. 5, 2022 – CA, WI
9. $590.5 Million – May 18, 2013 – FL
10. $587.5 Million – Nov. 28, 2012 – AZ, MO