LOUISVILLE, Ky. —  A record-breaking jackpot is up for grabs Saturday. The Powerball jackpot sits at an estimated $1.6 billion, with a cash option of $782.4 million.

What You Need To Know

  •  The Powerball jackpot is $1.6 billion

  •  It breaks the previous record of $1.586 billion

  •  Tickets are $2 each and can be bought in stores and online

  • The drawing is Saturday at 11 p.m. ET/10 p.m. CT

The jackpot is the largest prize in history, breaking the previous world record $1.586 billion Powerball jackpot and the $1.537 billion Mega Millions jackpot.

“We are due for a jackpot winner here in Kentucky and would love to be a part of this historic record,” President and CEO Mary Harville said. “We’re used to making millionaires but are excited for the opportunity to make a billionaire.”

For a $2 investment, you can buy a chance at millions. Tickets can be bought at any number of Kentucky Lottery retailers and you can also buy them online until 10 p.m. ET/9 p.m. CT. The Powerball drawing takes place at 11 p.m. ET/10 p.m. CT Saturday.

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