News Powerball jackpot soars to record $1.5B The Powerball jackpot soared to $800 million on Friday. Photo Credit: Getty Images / Mario Tama By amNY Updated January 12, 2016 11:29 AM Print Share Share Tweet Share Email The Powerball jackpot is now at an estimated $1.5 billion. Nobody won Saturday's lottery draw, sending Wednesday's jackpot soaring. Each day the jackpot has gone up and is now at an estimated $1.5 billion -- the largest in U.S. history. According to the New York Lottery, a second-prize ticket for Saturday's draw worth $1 million was sold at Chef Hong Inc. in Queens, and another was sold on Long Island. recommended reading Things more likely to happen than winning Powerball To win the big prize, a ticketholder must match all five white balls as well as the red Powerball. The winner would have the option to take an immediate lump sum of $930 million or to receive annual payments over the next 30 years. But the odds probably aren’t in your favor: There’s a one-in-292-million chance of winning the Powerball jackpot. That means a ticketholder is more likely to win an Oscar (one in 7 million chance) or become president (one in 10 million shot) than take home the big prize. Tickets cost $2, and you have until 10 p.m. on Wednesday to grab a ticket. The drawing will be at 10:59 p.m., and you can watch it live on a number of local stations. By amNY Share on Facebook Share on Twitter Comments Comments section is temporarily on hold. Here’s why.