HomeNational NewsPowerball jackpot approaches $1 billion ahead of next drawingPowerball jackpot approaches $1 billion ahead of next drawingSat, September 30, 2023 by ABC News SHARE NOW LPETTET/Getty Images/STOCK (NEW YORK) — The Powerball is approaching a whopping billion-dollar payout. The jackpot has climbed to an estimated $960 million ahead of Saturday night’s drawing. That would be the fourth-largest Powerball jackpot ever and the ninth-largest lottery jackpot when factoring in Mega Millions top prizes. This is the second-largest Powerball jackpot this year, after a ticket in California won the $1.08 billion jackpot on July 19. The winner has not yet come forward. Since that drawing, there have been 30 consecutive Powerball drawings without a grand prize winner. The jackpot has an estimated cash value of $441.4 million. Winners can choose to take the money as an immediate lump sum payment or in 30 payments over 29 years. The odds of winning a prize are 1 in 24.9, while the jackpot odds are 1 in 292.2 million, according to Powerball. Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The next drawing is on Saturday at 10:59 p.m. ET. Copyright © 2023, ABC Audio. All rights reserved. Get the top stories on your radio 24/7 on Finger Lakes News Radio 96.3 and 1590, WAUB and 106.3 and 1240, WGVA, and on Finger Lakes Country, 96.1/96.9/101.9/1570 WFLR.