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 fbShare Tweet 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. 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 We're revamping our Comments section. Learn more and share your input.