Powerball jackpot reaches $1.6B, breaking lottery record
Powerball drawing will take place on Saturday night
DraftKings chairman and CEO Jason Robins discusses how much action his gaming site saw after a wild NFL weekend on 'The Claman Countdown.'
The Powerball jackpot soared to an estimated $1.6 billion ahead of Saturday's drawing.
The cash value has risen to $782.4 million, making it the largest lottery prize in history.
The Powerball prize hasn't been won in more than three months.
POWERBALL JACKPOT BALLOONS TO $1.5B, APPROACHES WORLD RECORD
George Hollins buys a Powerball ticket at the Shell Gateway store on March 26, 2019, in Boynton Beach, Florida. ((Photo by Joe Raedle/Getty Images) / Getty Images)
There have been 39 consecutive drawings without a winner.
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The new jackpot tops the previous record prize of $1.586 billion that was won in 2016.
A person buys a Powerball ticket as the Powerball lottery jackpot hits $1 billion in Doylestown, Pennsylvania, U.S. October 31, 2022. (REUTERS/Hannah Beier / Reuters Photos)
The odds of winning are 1 in 292.2 million.
The advertised jackpot is the prize for a winner who chooses an annuity, paid annually over 29 years. Almost all winners opt for the cash prize.
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Bruce Gideos, floor manager at Pierre's Place, in Chesterfield, N.H., prints out Powerball tickets on Thursday, Nov. 3, 2022. ((Kristopher Radder/The Brattleboro Reformer via AP) / AP Newsroom)
The Associated Press contributed to this report.