The Powerball jackpot has reached $1 billion ahead of its drawing on Saturday, estimating a pre-tax payday of $453.1 million for one lucky winner.

Powerball announced earlier Friday via social media that the jackpot had breached the $1 billion threshold ahead of Saturday’s drawing.

The drawing will be held in Tallahassee, Florida, at 10:59 p.m. ET.

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Powerball jackpot reaches $1 billion payout

This year’s jackpot now ranks as the sixth occurrence when a payout has touched $1 billion in the lottery’s 33-year history.

On Wednesday, the estimated Powerball jackpot was $850 mi

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