The previous record of 153 was since 1978, but 24 points from Bojan Bogdanovic and 23 more from Jordan Clarkson on the bench helped beat the previous benchmark.
The 49-point victory was also the biggest margin of victory in franchise history.
The historic victory ends a two-game losing streak for jazz, but the victory means Utah remains first in the Western Conference.
In total, eight players scored in double digits, including Jazz striker Georges Niang.
“I don’t think I’ve seen a 150 on the field before,” he said after the game. “We wanted to come here and make a point.”
Despite a pair of losses in their previous games against the Minnesota Timberwolves, Jazz head coach Quin Snyder said his team have shown good potential.
“I’m probably in the minority, but I actually thought we played well the other night. We didn’t shoot well,” he said after the game.
“We were strong tonight. And obviously we took some shots.”
Success of the suns
Elsewhere, the Phoenix Suns secured their first playoff spot since 2010 with a 109-101 victory over the Los Angeles Clippers on Wednesday.
Point guard Chris Paul played a major role in the Suns’ playoff push, recording 28 points, 10 assists and three steals against the Clippers.
This achievement marks another milestone in the resurgence of the franchise.
“To be so close last year and to be able to land a spot now is a blessing and I don’t take it for granted at all.”