JOHNSTON, Iowa (Dec. 29, 2023) – With one Powerball® drawing remaining until the New Year, players now have the chance to play for the sixth-largest Powerball jackpot in game history! The Powerball jackpot is currently estimated at $760 million. The jackpot has an estimated cash value of $383.6 million.
The next Powerball drawing is set for Saturday at 10:59 p.m. EST. 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 on Saturday, they will have the choice between an annuitized prize worth an estimated $760 million or a lump sum payment estimated at $383.6 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-percent each year.
This is the fourth Powerball jackpot to exceed $700 million this calendar year. The Powerball jackpot was previously won on Oct. 11 when a ticket in California won a $1.765 billion grand prize. Since then, there have been 33 consecutive drawings without a jackpot winner.
While there was no jackpot winner in last Wednesday’s drawing, two tickets won prizes worth $1 million or more. One ticket, sold in California, matched all five white balls to win a $1 million prize. Note: In California, prize payout amounts are pari-mutuel and determined by sales and the number of winners. A second ticket, sold in Texas, 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. There were also 34 tickets that won $50,000 prizes and eight 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.
2023 Powerball Jackpots
- Feb. 6, 2023 - $754.6 million - WA
- March 4, 2023 - $162.2 million - VA
- April 19, 2023 - $252.6 million - OH
- July 19, 2023 - $1.08 billion - CA
- Oct. 11, 2023 - $1.765 billion - CA
Top 10 Powerball Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.765 Billion – Oct. 11, 2023 - CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.08 Billion – July 19, 2023 – CA
- $768.4 Million – March 27, 2019 – WI
- $760 Million (est.) – Dec. 30, 2023
- $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