UNDATED (WJON News) -- It's official, the Powerball jackpot for Saturday night's drawing will be a record breaker.

Lottery officials Friday have increased the estimated jackpot to $1.6 billion, which surpasses the previous record of $1.586 billion which was won in January of 2016.

The Powerball jackpot that started rolling three months ago has become the world’s largest lotto prize ever offered.

If there is a winner and they take the cash option that amount is estimated at $782 million before taxes.

Minnesota State Lottery officials say our state has had three $1 million winners so far this year including two winning tickets in Duluth and one in Hinckley. We've also had two $150,000 winners, one $100,000 winner, and 37 tickets that each won $50,000.

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The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.

Top 10 Powerball Jackpots

1. $1.6 Billion (est.) – Nov. 5, 2022

2. $1.586 Billion – Jan. 13, 2016 – CA, FL, TN

3. $768.4 Million – March 27, 2019 – WI

4. $758.7 Million – Aug. 23, 2017 – MA

5. $731.1 Million – Jan. 20, 2021 – MD

6. $699.8 Million – Oct. 4, 2021 – CA

7. $687.8 Million – Oct. 27, 2018 – IA, NY

8. $632.6 Million – Jan. 5, 2022 – CA, WI

9. $590.5 Million – May 18, 2013 – FL

10. $587.5 Million – Nov. 28, 2012 – AZ, MO

LOOK: Here's where people in every state are moving to most

Stacker analyzed the Census Bureau's 2019 American Community Survey data to determine the three most popular destinations for people moving out of each state.

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