The Powerball jackpot has reached $1 billion ahead of the Wednesday night drawing, marking the eighth-largest prize in the game's history. The estimated cash value for a lump-sum payout is $433.1 million, with both annuity and cash options subject to federal and state taxes.
The jackpot has rolled over 44 times since the last winner was announced on May 2, when tickets sold in Florida and Texas split a $20 million prize. No one matched all six numbers in Monday’s drawing, prompting the prize to grow further. The drawing will take place at 10:59 p.m. ET on Wednesday.
Odds and Participation
The odds of winning the jackpot remain 1 in 292.2 million, according to lottery officials. Ticket sales for Monday’s drawing exceeded expectations, increasing more than 86% compared to the previous Monday. The game is available in 45 states, the U.S. Virgin Islands, Washington, D.C., and the United Kingdom, where sales began in late July. This marks the first drawing where a U.K. player could potentially win.
Recent Winners and Unclaimed Prizes
While no one has won the jackpot since May, smaller prizes were claimed in recent drawings. A $2 million winner emerged in Tennessee, while $1 million prizes were claimed in California and Maryland. Fourteen players won $150,000 each. Additionally, a $1.53 million prize from a February 21 drawing in San Diego County remains unclaimed. The winning ticket, sold at Varso Gas in Escondido, matches numbers 27, 28, 36, 48, 49 with the Powerball number 21. The deadline to claim this prize is August 20; if unclaimed, the funds will be directed to California public schools as required by state law.
Claiming a Prize
Lottery officials urge players to verify their tickets, especially those purchased at Varso Gas. Winners must present the original ticket and a government-issued photo ID at a California Lottery district office to claim prizes. Claim forms are available online at calottery.com or at any lottery office.
The largest Powerball jackpot in history was $2.04 billion, won by a single ticket in California on November 7, 2022. The current prize is the largest since a $1.817 billion jackpot was claimed in Arkansas on December 24, 2025.
Game Details
Powerball drawings occur Mondays, Wednesdays, and Saturdays at 10:59 p.m. ET, with ticket sales closing at 7 p.m. local time on drawing days. Each ticket costs $2, and proceeds from unclaimed prizes contribute to state education funding in participating jurisdictions.