A Powerball drawing is being held on Saturday night for what would be second highest lottery jackpot on record: an estimated $1.8 billion. The prize ballooned after the lottery held more than 40 consecutive drawings without anyone matching all of the game's six numbers. Whenever a drawing fails to get a winner, the lottery rolls over the winnings.
The game's terrible odds of 1 in 292.2 million are designed to generate big jackpots and ever-larger prizes. There are three drawings each week. The largest jackpot on record, $2.04 billion, was drawn in 2022 and went to a California ticket buyer.
No one has won the grand prize since May 31.
The $1.8 billion jackpot is for a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which for this drawing would be an estimated $826.4 million.
Powerball tickets cost $2, and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
Powerball drawing starts at 10:59 p.m. (ET).
Q1. What time is the Powerball drawing?
A1. Powerball drawing starts at 10:59 p.m. (ET).
Q2. What is the amount of Powerball drawing lottery jackpot?
A2. Powerball drawing lottery jackpot is estimated at $1.8 billion.
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The game's terrible odds of 1 in 292.2 million are designed to generate big jackpots and ever-larger prizes. There are three drawings each week. The largest jackpot on record, $2.04 billion, was drawn in 2022 and went to a California ticket buyer.
No one has won the grand prize since May 31.
The $1.8 billion jackpot is for a winner who opts to receive 30 payments over 29 years through an annuity. Winners almost always choose the game’s cash option, which for this drawing would be an estimated $826.4 million.
Powerball tickets cost $2, and the game is offered in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
Powerball drawing starts at 10:59 p.m. (ET).
FAQs
Q1. What time is the Powerball drawing?
A1. Powerball drawing starts at 10:59 p.m. (ET).
Q2. What is the amount of Powerball drawing lottery jackpot?
A2. Powerball drawing lottery jackpot is estimated at $1.8 billion.
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