UPDATE: Saturday’s Powerball Jackpot Reaches World Record $1.6 Billion

BOSTON – UPDATE: 12:00 P.M. 11/4/22: Saturday’s Powerball jackpot has now grown to an estimated $1.6 billion, the largest grand prize in world lottery history.

The cash option has now been estimated to reach $782.4 million.

The original story before the updated estimates can be found below:


The Powerball jackpot continues to grow, as the drawing on Saturday, November 5 is estimated to have a grand prize of $1.5 billion.

If hit, it would be the third-largest jackpot in U.S. lottery history and the second-largest in the history of the Powerball game. The biggest jackpot in the country’s history was won back in 2016, when the Powerball prize was built up to $1.586 billion.

The estimated cash option of the latest jackpot is $745.9 million.

A $100,000 winning ticket for Wednesday’s drawing was purchased at Island Variety along Old South Road on Nantucket, as the buyer matched four out of five numbers plus the Powerball with a Power Play multiplier applied. It marked the second time within a week that a winning ticket totaling at least $50,000 was bought on the island.

Tickets for Saturday night’s Powerball drawing at 10:59 p.m. will be available until 9:50 p.m. at participating retailers for $2 each.

Officials with the Massachusetts State Lottery Commission are reminding residents to not get carried away when playing games, as tickets should be purchased responsibly and within their means.

About Brendan Fitzpatrick

Brendan, a recent graduate from the University of Massachusetts Amherst, is one of the newest members of the CapeCod.com NewsCenter team. When not on the beat, you'll probably find him watching Boston sports.

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