Powerball jackpot climbs to $348 million for Saturday drawing

Powerball rises to $348 million for Saturday, June 27, with a $158.3 million cash option after nearly two months without a jackpot winner.

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Powerball jackpot climbs to $348 million for Saturday drawing

Powerball climbed to $348 million for the Saturday, June 27 drawing, with a $158.3 million cash payout on the line. No one has hit the jackpot in nearly two months.

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Fernando Cervantes Jr. of reported the update before the Saturday night drawing at 10:59 p.m. ET. Players in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands were in line for the bigger prize.

May 2 reset

The last jackpot win came on May 2, when two tickets split $20 million. Since then, the prize has kept rising as each drawing passed without a top winner.

That run is what pushed the game into a much larger number by Saturday. Powerball has been running since 1992, and its format stays the same: players pick 6 numbers, including 5 white balls from 1 to 69 and one red Powerball from 1 to 26.

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Tickets and the drawing

Tickets cost $2 per play, and a Power Play option costs $1 more. The multiplier can be 2X, 3X, 4X, 5X or 10X, which gives non-jackpot prizes a bigger ceiling without changing the jackpot requirement.

To win the top prize, a ticket must match all 5 white balls in any order and the red Powerball. That makes Saturday night the next cutoff for anyone still holding a ticket, with the drawing set for 10:59 p.m. ET.

For readers tracking the result afterward, Powerball lottery results today were scheduled to follow the drawing, including whether any tickets in Indiana, Missouri or Pennsylvania landed a major prize.

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News writer with 11 years covering breaking stories, politics, and community affairs across the United States. Associated Press contributor.