Photo by Steve Sawusch

The Powerball jackpot for Saturday has surged to an estimated $1.4 billion, making it the third-largest jackpot in the history of the game. Wednesday night's drawing did not produce a grand prize winner, leading to this remarkable increase. This upcoming prize would also be the fifth-largest lottery jackpot in the United States, according to Powerball.

If one ticket matches all six numbers on Saturday, the holder will have the option to choose between an annuitized prize worth an estimated $1.4 billion or a lump sum of approximately $643.7 million, before taxes. Powerball's website provides this information.

Since July 19, there has been no grand prize winner in the Powerball game. The last jackpot worth $1.08 billion was won by a single ticket sold in California. Wednesday's drawing marked the 33rd consecutive drawing without a jackpot winner. The winning numbers for that night were 9, 35, 54, 63, 64, and the Powerball number was 1.

There were seven tickets sold in California, Colorado, New York, Pennsylvania, and Texas that matched all five white balls, earning them base prizes of $1 million each. The two tickets sold in California will be worth over $1.2 million each, as prizes in that state vary based on ticket sales and the number of winners. Additionally, three tickets in Kentucky, Pennsylvania, and Texas matched all five white balls and won $2 million each because the holders activated a "Power Play" multiplier, as stated by Powerball.

According to the lottery, the odds of winning any Powerball prize are 1 in 24.9, while the chances of winning the grand prize are remarkably slim at 1 in 292.2 million.

The largest Powerball jackpot on record was a staggering $2.04 billion prize won in California in November 2022, followed by a $1.586 billion jackpot won in January 2016. With the current estimated jackpot reaching $1.4 billion, it has the potential to be one of the largest jackpots in Powerball history.