The Powerball drawing to occur on Saturday night offers an estimated $1.5 billion annuitized jackpot (or a $686.5 million lump-sum cash payout). According to Powerball, this is the 45th consecutive drawing without a jackpot winner—a record for a single Powerball cycle.

The Powerball record was set in November 2022 when a $2.04 billion jackpot was won in California. The No. 2 jackpot was won in September, a $1.787 billion prize that was split by tickets sold in Missouri and Texas. The odds of winning the jackpot with a $2 ticket are 1 in 292,201,338.

The cash option for tonight's drawing is worth an estimated $572.1 million. The current jackpot is the sixth largest in the game's history.

The Powerball jackpot has surged to an eye-popping $1.25 billion after no ticket matched all six numbers in Saturday and Monday night’s drawing, leaving the massive prize up for grabs. The winning numbers for the Dec. 15 drawing were 23, 35,59,63,68 and the Powerball number was 2, but no one claimed the top prize.

But even if you’re not a big lottery winner in Monday’s Powerball drawing, it’s still worth heeding this advice for managing a significant sum of money

Many are feeling the holiday cheer heading into tonight's Powerball drawing, with the jackpot at $1.25 billion, with an estimated cash value of $572.1 million.

The jackpot for the next drawing on Wednesday night has soared to an estimated $1.25 billion, the sixth largest ever.

Two Powerball tickets worth $200,000 and one worth $50,000 were purchased in New Jersey for Monday night’s lottery drawing. The $200,000 tickets were both sold in Parsippany, Morris County. One was purchased at a Wawa on New Road and the other at the Shell gas station on Route 46 east, lottery officials said.