That jackpot will be the fourth largest lottery jackpot in US history and could move into third place if ticket sales outpace expectations.
Powerball's historic jackpot comes after the U.S. Mega Millions lottery reached a jackpot of $1.537 billion, just short of a world record. The next drawing will be held on Saturday at 11 p.m. EST.
An elderly man's broken hip turned out to be his lucky break after he ended up winning the lottery.
For the victor, options include an immediate cash payment of $877.8 million, or the $1.537 billion prize paid out over 29 years. A victor who opted for cash would get $428.6 million.
The next Mega Millions drawing is Friday, Oct. 26, with an estimated jackpot of $40 million and cash option of $22 million.
If there's a victor, it would be one of largest jackpots in the nation's history.
The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in USA history.
A woman sells a Powerball ticket in SC.
No one has won the Powerball jackpot since August 11. They ended up winning a million bucks.
The Virginia Lottery said in a statement that the chances of matching the first five numbers in Mega Millions are 1 in 12,607,306.
A retired veteran, Raymond Heft of Madison, is the lucky victor of the $1 million Powerball drawing from Wednesday, Oct. 24.
Each Powerball ticket is $2.