ALBUQUERQUE, N.M. —

The estimated Powerball jackpot has now been raised to $1 billion. The drawing, which will take place on Saturday, Aug. 30, has an estimated cash value of $453.1 million.

This is the sixth Powerball to reach the billion-dollar mark in the game's 33-year history. If the jackpot is hit in New Mexico, it will be the sixth time the Powerball jackpot has been won in New Mexico. It would also be the largest jackpot won in New Mexico.

New Mexico lottery players have until 8 p.m. MT on Saturday to buy tickets for the Aug. 30 drawing.

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