Powerball jackpot climbs to $875 million, the third-largest on record

The Powerball jackpot has climbed to an estimated $875 million, the third-largest on record.

The jackpot has been growing since no winning ticket was sold for the Wednesday, July 12 drawing. The next drawing will be held on Saturday, July 15.

The largest Powerball jackpot ever won was $2.04 billion, which was won in California on November 7, 2022.

The second-largest Powerball jackpot was $1.586 billion, which was won in Wisconsin on January 20, 2021.

If someone matches all six numbers in Saturday's drawing, they will have the option of taking the $875 million prize paid out in yearly increments or choosing to get the one-time lump sum of $441.9 million before taxes.

The odds of winning the Powerball jackpot are 1 in 292.2 million. So, if you're feeling lucky, you might want to buy a ticket!

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