lottery history, only behind the world record $1.586 billion Powerball jackpot and the $1.537 billion Mega Millions® jackpot. If a player wins Saturday’s jackpot, it will be the second-largest jackpot in Powerball history and third-largest jackpot in U.S. The jackpot is estimated at $1.5 billion with a cash option of $745.9 million for the next drawing on Saturday, Nov. The Powerball® jackpot continues to climb through billion-dollar territory – and is quickly approaching its world record jackpot amount.