Powerball’s $1 billion jackpot has hit the mark again, marking the second time this year the prize has surged past the one‑billion‑dollar threshold.
Saturday’s Drawing
The winning numbers will be revealed Saturday night at 10:59 p.m. ET. Viewers can watch the live stream on Powerball.com.
Jackpot Details
The current jackpot is estimated at $1 billion. A winner can choose between an annuitized payout of $1 billion or a lump‑sum payment of $457.7 million. Both figures are before taxes.
Historical Context
This prize ranks as the seventh‑largest in Powerball history, a game that began in 1992. The Wednesday drawing before this one carried a $936 million jackpot. The upcoming draw will tie the record for the longest streak without a win at 42 drawings. The last jackpot win occurred in early September, when a $1.787 billion prize was shared by tickets in Missouri and Texas. That win was the second‑largest ever, only behind the $2.04 billion jackpot in California in 2022.
How to Play
Powerball is played in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Tickets are sold for $2 each and drawings take place three times a week—Monday, Wednesday and Saturday. The odds of matching all five white balls and the Powerball are 1 in 292.2 million.
Prize Winners
Although the Wednesday drawing did not produce a jackpot winner, it produced three $1 million winners. Those tickets matched all five white balls and were sold in Maryland, Michigan and New Jersey.
Legal Insights
“Andrew Stoltmann says some of the most vicious legal fights over the lottery come from office lotto pools gone wrong.”
Key Takeaways
- The Saturday drawing will decide whether the $1 billion jackpot is paid as an annuity or lump sum.
- The prize has been on the table for 42 consecutive drawings, the longest streak without a win.
- Three $1 million winners were announced from the Wednesday draw, sold in Maryland, Michigan and New Jersey.
The upcoming drawing could bring a new $1 billion jackpot winner to the lottery’s history books, or extend the current record for the longest time without a jackpot payout.
