Powerball Drawing Tonight Worth At Least 1.3B, Ties A Record

The Powerball jackpot is at an estimated $1.3 billion ahead of Saturday night’s drawing, tying the record for the longest streak without a jackpot winner.

The Powerball jackpot hasn’t been won since Jan. 1, when a ticket sold in Michigan produced a $842.4 million jackpot.

Saturday will be the 41st drawing in the current jackpot run. Two other previous Powerball jackpot runs have reached 41 drawings before producing a grand prize winner, according to Powerball.

The estimated $1.3 billion jackpot is the fourth-largest jackpot in Powerball history and the eighth-largest overall when factoring in Mega Millions jackpots.

If you win the Powerball jackpot, you can choose between an estimated lump-sum, pre-tax payment of $608.9 million or annual payouts of $1.3 billion, also pre-tax — starting with one immediate payment followed by 29 annual payments that increase by 5% each year.

Now, the bad news: the odds of winning the jackpot are 1 in 292.2 million, according to Powerball.

Powerball tickets are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands.

The next drawing is Saturday at 10:59 p.m. ET.