WASHINGTON —

The Powerball jackpot has risen to an astounding $1.7 billion for Saturday’s drawing. The prize money continues to grow after no one won Wednesday night’s drawing.

Saturday’s jackpot is now the third-largest in U.S. lottery history, according to Powerball.

The prize has an estimated one-time cash payment of $770.3 million if the winner chooses not to take annual payments over 29 years, with a 5% increase each year.

Saturday’s Powerball drawing now ties for the longest period a jackpot has gone without a winner, at 42 consecutive drawings.

The last time the Powerball had 42 consecutive drawings was in 2022. The winner of that drawing won a grand total of $2.04 billion, the largest jackpot in U.S. lottery history.

The most recent Powerball jackpot winner won $1.33 billion

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