If a player's ticket matches all six numbers drawn on Saturday night, it will be the second-largest jackpot won in Powerball's 30-year history and the third-largest jackpot in U.S. lottery history.
James Franklin, of Baltimore, holds his Powerball lottery tickets he purchased at a convenience store in Cockeysville, Maryland, on Nov. 2, 2022.Now at an estimated $1.5 billion, the Powerball jackpot is quickly approaching a world record amount after 39 consecutive drawings yieldedThe next drawing is Saturday night, marking the 40th Powerball drawing since the jackpot was last won in Pennsylvania on Aug. 3. The cash value of Saturday's jackpot is $745.
Jackpot winners can either take the money as an immediate cash lump sum or in 30 annual payments over 29 years. Both advertised prize options are prior to federal and jurisdictional taxes, Powerball said.Tickets cost $2 and are sold in 45 U.S. states as well as Washington, D.C., Puerto Rico and the U.S. Virgin Islands. More than half of all proceeds remain in the jurisdiction where the ticket was purchased, according to Powerball.
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. The drawings are also livestreamed online at Powerball.com.
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