The Powerball jackpot has reached an impressive $1.3 billion for Wednesday night’s draw. With a cash value of $589 million, this prize is the fifth largest in Powerball history and the ninth largest among all US lottery draws. The excitement grows as the prize increases, attracting millions of players who dream of changing their lives overnight.
The jackpot rose significantly after no ticket matched the winning combination from the previous draw, which consisted of the white balls 8, 23, 25, 40, 53, and the red Powerball 5. Despite there being no jackpot winner, the lottery has awarded thousands of players with smaller prizes. For example, ten tickets across the country matched the five white balls to win $1 million each.
In addition, two tickets, sold in Montana and North Carolina, won $2 million each by matching the five white balls and adding the Power Play option to their purchase. Wednesday’s draw is a golden opportunity for players. Everyone is encouraged to check their tickets carefully, as prizes are awarded for matching only the red Powerball or a portion of the winning numbers.
The Powerball jackpot has reached an estimated $1.3 billion for this Wednesday’s draw. This is the 41st consecutive draw since the last time someone won the jackpot, on May 31, 2025, in California. If someone manages to match the combination, they could walk away with a one-time cash payment of $589 million before taxes.
If you are the lucky winner of the jackpot, you will have two options for receiving your money. The first is a one-time cash payment estimated at $589 million. The second option is the annual prize, which consists of an immediate payment followed by 29 annual payments that increase by 5% each year. It is important to remember that both payment options are before taxes are deducted.
The price of a Powerball ticket is $2 per play. Tickets are available in 45 U.S. states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. More than half of the proceeds from ticket sales remain in the jurisdiction where the ticket was sold. Since its inception in 1992, the game has generated more than $36 billion for charitable causes.
Powerball drawings are held live every Monday, Wednesday, and Saturday at 10:59 p.m. ET. The broadcast is conducted from the Florida Lottery studio in Tallahassee. If you can’t watch it on television, you can also follow the drawings live via the official Powerball website.
The odds of winning any prize in Powerball are 1 in 24.9. However, the odds of hitting the jackpot are much lower: 1 in 292.2 million. Despite the difficult odds, the game has delivered massive prizes throughout its history.
Below is a list of the biggest jackpots in Powerball history:
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