Players will have the chance tonight to play for the third-largest Powerball® jackpot! The Powerball jackpot is currently estimated at $1.2 billion. The jackpot has a cash value of $551.7 million.
The estimated jackpot is Powerball’s largest prize so far this year, just ahead of the $1.08 billion Powerball jackpot won in California on July 19. The run-up to tonight’s drawing marks the first time in Powerball game history that back-to-back jackpot cycles have generated billion-dollar grand prizes.
“A billion-dollar Powerball jackpot attracts a lot of new players to the game, and we anticipate the majority of ticket sales for tonight’s drawing will occur this afternoon and evening,” said Drew Svitko, Powerball Product Group Chair and Pennsylvania Lottery Executive Director. “Whether it’s your first time buying a ticket or you’re a frequent player, please remember to sign your ticket and reach out to your local lottery if you win the jackpot. Your local lottery will continue to be the best resource for information on how to claim a prize.”
Tonight’s Powerball drawing will be held at the Florida Lottery draw studio in Tallahassee at approximately 10:59 p.m. EST. The drawing will be broadcast by select carrier TV stations and live streamed on Powerball.com. Ticket sale cut-off times vary by jurisdiction, but typically occur 1-2 hours before the scheduled draw time.
If a player wins the jackpot in tonight’s drawing, they will have the choice between an annuitized prize worth an estimated $1.2 billion or a lump sum payment estimated at $551.7 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
The Powerball jackpot rolled Monday night, after no ticket matched all six numbers drawn – white balls 12, 26, 27, 43, 47 and red Powerball 5. The Power Play® multiplier was 2X.
The Monday drawing produced more than 2.7 million winning tickets across the country, including two tickets, sold in Delaware and Michigan, that matched all five white balls to win $1 million prizes. Two other tickets, sold in New York and South Carolina, matched all five white balls and increased the $1 million prize to $2 million by including the Power Play feature for an additional $1 per play. Other big wins from Monday night include 70 tickets that won $50,000 prizes and 12 tickets that won $100,000 prizes.
Powerball tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. EST from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live streamed on Powerball.com.
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
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.2 Billion (est.) – Oct. 4, 2023
- $1.08 Billion – July 19, 2023 – CA
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 - WA
- $731.1 Million – Jan. 20, 2021 – MD
- $699.8 Million – Oct. 4, 2021 – CA
- $687.8 Million – Oct. 27, 2018 – IA, NY