Powerball Jackpot Climbs to an Estimated $800 Million — the Second-Biggest Prize in Its History

Abigail Adams
·2 min read
Powerball lottery jackpot reaches $1.5 billion, New York, America - 12 Jan 2016
Powerball lottery jackpot reaches $1.5 billion, New York, America - 12 Jan 2016

Erik Pendzich/REX/Shutterstock

The second-largest Powerball jackpot ever is officially up for grabs!

The grand prize for Saturday's Powerball drawing has jumped to an estimated $800 million (or $383.7 million in cash), according to a press release from Powerball officials.

Nobody has won the grand prize in nearly three months, which amounts to 36 drawings, allowing the jackpot to become the game's second-largest jackpot, and fifth-largest in U.S. lottery history overall, per the release.

The odds of winning the current jackpot are 1 in 292.2 million, Powerball officials said.

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Powerball currently holds the world record for highest lottery jackpot ever won, according to lottery officials.

The Jan. 2016 jackpot was worth approximately $1.5 billion — more than double the current grand prize. Three winning tickets were sold in California, Florida and Tennessee.

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This summer, Mega Millions recorded its own second-largest jackpot worth $1.337 billion. The organization said it was the third-largest jackpot of any U.S. lottery game.

The winning ticket was purchased at a gas station about 20 miles northwest of Chicago, according to the organization.

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Five people have won Powerball jackpots in 2022, lottery officials said. The largest jackpot of the year was won on Jan. 5, with winners in California and Wisconsin splitting the $632.6 million grand prize.

The most recent Powerball jackpot winner earned a $206.9 million prize on Aug. 3 with their ticket purchased in Pennsylvania.

Powerball drawings are broadcast live on Mondays, Wednesdays and Saturdays at 10:59 p.m. ET, per Thursday's release.