The cash value option on a winning that big? About $806 million

By Adam Carlson
Updated January 10, 2016 09:50 AM
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Credit: Nati Harnik/AP

Another night of Powerball drawings, a lot more losing lottery tickets and an ever-growing jackpot.

That’s been the story these past few days and it was again Saturday night, as no one won the record $949.8 million Powerball jackpot – which could push it that much further into historic territory, as high as $1.3 billion, officials said, according to ABC News.

The cash value option on a winning that big? About $806 million, the Lottery said, which is already more than $100 million more than the previous record-holding Powerball pot.

And as the money piles up, the odds of winning the Powerball don’t get any more – or less! – favorable, at about 1 in 292.2 million.

The Powerball jackpot has been growing since Nov. 4, when it began at $40 million, according to the Associated Press.

Interest is so high in the game that for Saturday’s drawing, lottery officials told the AP they expected about 75 percent of all possible number combinations would have been purchased.

Gary Grief, executive director of the Texas Lottery, told ABC News that 25 people won $1 million during Saturday’s drawing, while three more won $2 million.

Grief told the AP the lottery expected sales of more than $400 million from Saturday alone.

He shared this advice with ABC: “If you don’t play, you will not win.”

The next drawing is Wednesday.