World record US$1.6 billion Powerball jackpot in Saturday night draw

A digital billboard advertising Powerball’s Jackpot of $1.6 billion is displayed in New York City, U.S., November 4, 2022. (REUTERS)

The U.S. Powerball jackpot that will be drawn on Saturday night is the largest lotto prize ever offered at an estimated $1.6 billion, breaking the previous world record the game set in 2016, according to lottery officials.

No one has won the jackpot since Aug. 3, allowing the prize money to mushroom and generating lots of business at gas stations and newsstands around the United States, where Americans buy Powerball tickets for $2 a pop.

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To win the big prize, a player must guess all six lucky numbers, including the final “Powerball.” Players have a 1 in 292.2 million chance of winning the jackpot, and a 1 in 24.9 chance of winning a smaller prize, according to lottery officials.