Powerball jackpot increases to $825M for Saturday’s drawing
Oct 28, 2022, 5:25 PM
Powerball game leaders have increased the jackpot estimate to $825 million for a drawing on October 29. (Keith Srakocic/AP via CNN)
(Keith Srakocic/AP via CNN)
(CNN) — Powerball game leaders have increased the jackpot estimate to $825 million for Saturday night’s drawing after “strong” ticket sales across the country, according to a news release from the Multi-State Lottery Association.
“If a player wins Saturday’s jackpot, it will rank as the second largest jackpot in Powerball history, only behind the world record $1.586 billion Powerball jackpot, and fifth largest jackpot in U.S. lottery history,” the release read.
The drawing will take place at the Florida Lottery draw studio in Tallahassee at 10:59 p.m. ET on Saturday, according to the release.
“Saturday’s jackpot has grown to be Powerball’s largest prize so far this year. The jackpot was last hit on August 3, when a ticket in Pennsylvania matched all five white balls and the red Powerball to win a $206.9 million jackpot. Since then, the jackpot run has 36 drawings in a row with no grand prize winner,” the release read. “If the jackpot eludes players for a 37th time on Saturday, the jackpot is estimated to reach an annuitized $1 billion for the following drawing on Monday, Oct. 31.”
According to the release, Powerball currently holds the world record for the largest jackpot, which was set in 2016.
“The record $1.586 billion jackpot was shared by winners in California, Florida and Tennessee,” the release read.
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