(LOOTPRESS) – The Powerball® jackpot has skyrocketed to an estimated $700 million, making it the 11th largest prize in the game’s history and the biggest jackpot in more than a year.
The next drawing is set for Saturday at 10:59 p.m. ET, with players vying for either a $700 million annuitized prize or a $316 million lump-sum cash option, both before taxes. If taken as an annuity, the prize will be paid in 30 installments over 29 years, with payments increasing 5% annually.
Saturday’s drawing will mark the 36th consecutive draw since the jackpot was last hit in California on May 31, 2025. Despite no jackpot winners, the current cycle has already produced more than 17.3 million winning tickets, including 50 prizes worth $1 million or more and nearly 500 prizes of $50,000 or more.
Powerball tickets cost $2 per play and are available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Since launching in 1992, Powerball has generated more than $36 billion for public programs and causes nationwide.
The odds of winning the jackpot remain 1 in 292.2 million, while the odds of winning any prize are 1 in 24.9.
Top Powerball Jackpots to Date:
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$2.04 Billion – Nov. 7, 2022 (CA)
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$1.765 Billion – Oct. 11, 2023 (CA)
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$1.586 Billion – Jan. 13, 2016 (CA, FL, TN)
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$1.326 Billion – Apr. 6, 2024 (OR)
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$1.08 Billion – July 19, 2023 (CA)
Tickets must be purchased before the drawing deadline in each participating state.
