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Powerball jackpot currently sits at an estimated $1.5 billion

With no one hitting last night’s already massive Powerball jackpot, it now pushes to a mind-blowing $1.5 billion for Saturday night’s draw. While that figure is higher than the gross domestic product of 22 countries, it is also significant because it is getting very close to becoming the all-time record for a lottery jackpot. A $1.537 billion Mega Millions® jackpot from 2018 sits in the second-highest ever spot, and the highest ever jackpot of $1.586 billion, which was also Powerball, wound up being split three ways back in 2016. One of those winning tickets was sold at a 7-Eleven in California.

Although no one hit the jackpot last night, two California Lottery players walked away with some sweet second-place prizes, with two tickets matching five numbers now worth $1,044,212 each. Those tickets matched numbers 2-11-22-35-60, just missing the Powerball number 23. Those tickets were sold at Eastland Food Market at 1072 East G Street in Ontario (San Bernardino County) and at the 7-Eleven at 1838 Milmount Drive in Milpitas (Santa Clara County).

As we look forward to Saturday’s huge Powerball draw, here are some facts to check out:

  • The lump sum (cash option) amount for a single jackpot-winning ticket tonight is an estimated $745.9 million before federal taxes are taken. The State of California does not tax Lottery prizes.
  • As this jackpot roll continues, public education in California is becoming a big winner. The contribution to education from this entire Powerball sequence is estimated to be approximately $92.7 million. 
  • California’s sales for this entire Powerball sequence, which started back in early August, total $231.8 million through the close of last night’s draw. California Lottery sold an estimated $5.5 million in Powerball tickets just in the final hour of sales (6pm-7pm PT) for last night’s draw.
  • The current jackpot has been rolling since a player in Pennsylvania won the $206.9 million Powerball jackpot on August 3. 
  • Since that time, more than 115 million Powerball tickets have been sold in California so far over this entire rolling sequence.
  • Powerball holds the world record for largest jackpot set in 2016. The record $1.586 billion jackpot was shared by winners in California, Florida, and Tennessee.
Record U.S. Lottery Jackpots
 
Jackpot
Draw Date
Game
Winning State(s)
1.
$1.586 Billion
Jan. 13, 2016
Powerball
CA, FL, TN
2.
$1.537 Billion
Oct. 23, 2018
Mega Millions
SC
3
$1.5 Billion (est.)
Nov. 5, 2022
Powerball
?
4
$1.337 Billion
July 29,2022
Mega Millions
IL
5
$1.05 Billion
Jan. 22, 2021
Mega Millions
MI

The deadline to buy Powerball tickets for Saturday’s draw is 7 p.m. The draw happens at 7:59 p.m. PT.

This article was released by the California Lottery.