Powerball jackpot

Powerball jackpot hits new high: $1.5 billion for November 5 drawing

If anyone matches all six numbers for Saturday’s Powerball drawing, they will receive one of the largest prizes in lottery game history.

The Powerball lottery jackpot is now estimated at $1.5 billion, with a cash option of $745.9 million for the next drawing on Saturday, November 5, and is fast approaching the world record for the biggest lottery jackpot set in 2016 with a $1.586 billion jackpot

The value of the Powerball jackpot prize purse continued to rise because there were no jackpot-winning tickets in the drawing on Wednesday, Nov. 2, according to the Powerball multi-state lottery site.

The winning numbers for the draw on November 2, 2022 were: 02, 11, 22, 35, 60, Powerball 23 with the Power Play Multiply x2 option.

If a player wins the jackpot on Saturday, it will be the second largest jackpot in Powerball history and the third largest jackpot in US lottery history, behind only the world record jackpot of $1,586. billion Powerball and the $1.537 billion Mega Millions jackpot.

The next Powerball drawing will take place at the Florida Lottery drawing studio in Tallahassee at 10:59 p.m. m. ET on Saturday, November 5. Ticket sales cut-off times vary by jurisdiction, but generally occur 1-2 hours before the scheduled drawing.

Saturday’s drawing will be the 40th Powerball drawing since the jackpot was last won on August 3 of this year in Pennsylvania. If no one wins the jackpot in Saturday’s drawing, the game record for the number of consecutive drawings without a jackpot winner will be tied.

The longest winless jackpot drawing streak in Powerball history ended on October 4, 2021, when a ticket in California won a $699.8 million jackpot in the 41st drawing.

Powerball tickets are $2 per spin. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the US Virgin Islands.

Grand prize winners can choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump sum payment.

Both advertised prize options are prior to the payment of federal and jurisdictional taxes. The odds of winning the jackpot are 1 in 292.2 million.

Here are the 10 biggest Powerball jackpots to date:

– $1.586 billion: January 13, 2016 (California, Florida, Tennessee)
– $1.5 billion (estimated) – November 5, 2022
– $768.4 million: March 27, 2019 (Wisconsin)
– $758.7 million: August 23, 2017 (Massachusetts)
– $731.1 million: January 20, 2021 (Maryland)
– $699.8 million: October 4, 2021 (California)
– $687.8 million: October 27, 2018 (Iowa, NY)
– $632.6 million: January 5, 2022 (California, Wisconsin)
– $590.5 million: May 18, 2013 (Florida)
– $587.5 million: November 28, 2012 (Arizona and Missouri)

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.