Powerball jackpot is $825 million for Saturday’s draw

Saturday night’s Powerball prize reached approximately $825 million, giving players a chance to win the second-largest prize in the game’s history. The prize has a cash value of $410.2 million.

There have been 36 consecutive drawings without a grand prize winner. If a player wins Saturday’s jackpot, it will be the sixth time the Powerball jackpot has been hit this year. If there are no winners from the Saturday night draw, it is estimated that the jackpot will reach $1 billion in annuity for the following draw on Monday.

A rack with cards that people can use to choose their own numbers to buy lottery tickets for the Saturday, October 29, Powerball lottery draw, is seen on a counter at a market in Prospect, Pennsylvania, October 28 2022.

Keith Srakocic/AP

The biggest prize in Powerball history was $1.586 billion sold in January 2016 and shared by three winners in California, Florida and Tennessee.

Six tickets matched the five white balls to win million dollar prizes in Wednesday night’s draw. Winning tickets were won in California, Connecticut, Illinois, Michigan and New York.

More than 2.1 million tickets won cash prizes on Wednesday, totaling $21.1 million.

PICTURED: A person holds up their tickets purchased at a liquor store on October 28, 2022 in Hawthorne, California.

A person holds up their tickets purchased from a liquor store on October 28, 2022 in Hawthorne, California.

Mark J. Terrill/AP

A $632.6 million jackpot was hit on January 5 and split between winners from California and Wisconsin.

The Powerball jackpot was last won with a ticket to Pennsylvania, which won a jackpot of $206.9 million on August 3.

The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million, according to a statement from Powerball.

PHOTO: Customers pay for their groceries next to the display of lottery tickets showing the jackpot amount for the Saturday, October 29, Powerball lottery draw at a market in Prospect, Pennsylvania October 28, 2022.

Customers pay for their groceries next to the display of lottery tickets showing the jackpot amount for the Saturday, Oct. 29, Powerball lottery draw at a market in Prospect, Pennsylvania on Oct. 28, 2022.

Keith Srakocic/AP

Powerball tickets are $2 per game. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands. Ticket sales cut-off times vary by jurisdiction, but are usually one to two hours before the scheduled draw.

Jackpot winners can choose to receive their prize as an annuity, paid in 30 installments over 39 years, or as a lump sum payment.

Powerball holds the world record for the biggest jackpot set in 2016.

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