The Powerball jackpot is now an estimated $1 billion for Saturday night's drawing. There was no grand prize winner for Wednesday's roughly $850 million jackpot, and Powerball initially said the increased jackpot was approximately $950 million. Game leaders reviewed national ticket sales and increased the jackpot, PowerballsaidFriday. The estimated cash value of Saturday's grand prize is $453.1 million. The drawing will take place from the Florida Lottery live draw studio in Tallahassee. It's the sixth grand prize to hit the billion-dollar mark in the game's 33-year history, Powerballsaid. Four of the five previous billion-plus-jackpot-winning tickets were sold in California, including a single ticket sold in Altadena in 2022 that claimed a $2.04 billion jackpot, thelargest in both Powerball and lottery history. A single jackpot winner on Saturday would have the choice of taking a lump sum payment or opting for a payout via an annuity that would consist of one immediate payment followed by 29 annual payments that increase by 5% each year (both options are before taxes). No one has won Powerball's jackpot since May 31, when a single ticketin Californiaclaimed a $204.5 million jackpot with a cash value of $91.6 million. Theodds of winning the top prizeare 1 in 292.2 million, according to Powerball. Drawings take place every Monday, Wednesday and Saturday at 11 p.m. ET. Powerball tickets cost $2 each and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The first Powerball drawing was in 1992. Unseen Beatles photos taken by Paul McCartney show band before fame 9-year-old boy opens a "compliment stand" to boost people's self esteem How Buc-ee's became a road trip destination
