The Powerball jackpot is creeping toward $1 billion again

If nobody wins Saturday's Powerball jackpot, the pool will exceed $1 billion.Erik Verduzco/AP

• It's been three months since the last person won the Powerball lottery jackpot.

• The jackpot is now at $935 million, ranking it among the top five largest ever.

• The next drawing is on Saturday night. If no one wins, the jackpot will exceed $1 billion.

The Powerball jackpot has spent three months incubating. It's now nearing the $1 billion mark.

The prize — now ranked among the top five largest Powerball jackpots ever — has a cash value of $452.3 million, the lottery's website said.

"It only takes one ticket to win this massive jackpot or any of Powerball's other cash prizes," Drew Svitko, Powerball's product group chair, said in a press release.

A lucky winner hit the jackpot on New Year's Day when it was $842.4 million. There have been 37 drawings since then without a winner, the press release said.

The next drawing will be on Saturday at 10:59 p.m. ET. Though the odds of winning are very low, some have been lucky. But luck hasn't stopped some lottery winners from losing it all.

Read the original article on Business Insider