Lottery officials increased the Powerball Jackpot to an estimated $1.6 billion for the Nov.5 drawing, surpassing the world’s largest lotto prize.
The Powerball Jackpot began three months ago and has swelled to surpass the world record amount of $1.586 billion previously set by Powerball in 2016, which produced winning players in California, Florida, and Tennessee.
“This Powerball game is delivering exactly what our players want,” said Drew Svitko, Powerball Product Group Chair, and Pennsylvania Lottery Executive Director. “We are witnessing history in the making with this $1.6 billion jackpot! What’s also exciting is that this run has already created millions of winners, including nearly 100 players who have won prizes worth $1 million or more.”
Saturday’s drawing 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.
According to lottery officials, the overall odds of winning a prize are 1 in 24.9, and the odds of winning the jackpot are 1 in 292.2 million.