Powerball jackpot grows to $1.6 billion after Saturday's drawing

NBC News Clone summarizes the latest on: Powerball Jackpot Balloons Ahead Saturday Drawing Rcna250251 - Breaking News | NBC News Clone. This article is rewritten and presented in a simplified tone for a better reader experience.

The prize is the fourth largest in Powerball history.
A hand holds a number slip lottery ticket
A customer holds a number slip for Powerball lottery tickets at the Bluebird Liquor Store in Hawthorne, Calif., on Aug. 25.Patrick T. Fallon / AFP - Getty Images

That's one hot ticket.

The Powerball jackpot grew to $1.6 billion after no winner was drawn Saturday night.

The prize, which has an upfront cash value of $735.3 million before taxes, is now the fourth largest in the Powerball history and the fifth largest among U.S. lottery jackpots.

The 45-drawing streak without a winner will continue after no one picked the winning numbers to take home Saturday's $1.5 billion jackpot.

The $2 game, played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands, underwent a series of changes over the last two decades intended to boost jackpots and appeal to a broader market of ticket buyers.

Since then, the odds of winning the jackpot are 1 in 292.2 million, according to the game’s organizers at the Multi-State Lottery Association.

Against those odds, the Powerball jackpot was last won just three months ago.

On Sept. 6, a $1.787 billion prize was split by ticket holders in Missouri and Texas. That jackpot was the second largest in Powerball history, surpassed only by the Nov. 7, 2022, jackpot of $2.04 billion, a world national lottery record.

The current drawing marks the second time in the history of the game that there have been consecutive jackpots worth over $1 billion, according to the association. The previous occurrence was in 2023.

The next drawing is scheduled for 10:59 p.m. ET Monday.

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