No jackpot winner Saturday; Powerball hits staggering $1.4 billion

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DENVER — The new Powerball jackpot has soared to a record $1.4 billion, lottery officials said Monday.

Saturday night’s 20th consecutive Powerball drawing again failed to produce a grand prize winner after reaching a staggering $900 million jackpot earlier in the day, by far the largest ever.

Now at an unprecedented $1.4 billion, the Powerball is the largest lottery jackpot in world history.

A lump-sum cash payment for that value is worth an estimated $806 million, according to the Colorado Lottery.

The biggest winning jackpot was in 2012 with a MegaMillions game that was worth $656 million.

The current jackpot has been growing since Nov. 7. It first broke into the top 10 largest jackpots ranking last weekend when it hit $400 million. Since then, ticket sales have taken off.

It hit $700 million on Thursday after nobody won on Wednesday night.

The odds of winning are 1 in 292 million.

Colorado has seen two Powerball jackpot winners since joining the multistate game in 2001. The state’s largest Powerball jackpot winner, Claude G. from Rifle, claimed $90 million in August 2014.

The next Powerball drawing will be held Wednesday at 8:59 p.m.

To play, consumers choose five numbers from 1 to 69 and one Powerball number from 1 to 26. They can pick those numbers or let the numbers be randomly selected.

To win the jackpot, a ticket must match all six numbers.

Tickets are $2 and players can also opt to spend an extra $1 for the Power Play, which gives them a chance to multiply lower-tier prizes.

Powerball - Jackpot