JOHNSTON, Iowa – The Powerball jackpot now stands at an estimated $1.2 billion with a cash option of $596.7 million for the next drawing on Wednesday, Nov. 2
“This is the largest Powerball prize in more than six years,” said Drew Svitko, Powerball Product Group Chair and Pennsylvania Lottery Executive Director. “The jackpot is getting bigger with every ticket sold, and players should feel good knowing that a portion of their ticket purchase is staying in their state to benefit good causes such as education, veterans, and senior citizens.”
If a player wins Wednesday’s jackpot, it will be the second-largest jackpot in Powerball’s 30-year history and fourth-largest jackpot in U.S. lottery history.
The next Powerball drawing will take place at the Florida Lottery draw studio in Tallahassee at 10:59 p.m. ET on Wednesday, Nov. 2. Ticket sale cut-off times vary by jurisdiction, but typically occur 1-2 hours before the scheduled drawing.
The Powerball jackpot was last hit on August 3 in Pennsylvania. Since then, there have been 38 Powerball drawings in a row without a grand prize winner.
“Powerball was designed to be a fun source of entertainment for players,” Svitko added. “We’ve had Powerball jackpots won on the very first drawing of a jackpot run, and in every region of the country. Players will have the same odds in the Wednesday night drawing as every other Powerball drawing. During this exciting time, we remind players to please play responsibly.”
Despite there being no jackpot winner in last Monday’s drawing, more than 5.4 million tickets won cash prizes totaling $59.5 million in the Halloween night drawing. Big winners include 10 tickets (CA-2, FL, IN, MI, NY, OH-2, TX-2) that matched all five white balls to win a $1 million prize. Three tickets (FL, NY, OK) matched all five white balls and won $2 million by including the Power Play® option for an additional $1 per play. There were also 134 tickets nationwide that won a $50,000 prize, and another 23 tickets that won a $150,000 prize.
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. ET from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live streamed online at Powerball.com.
Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump sum payment. Both advertised prize options are prior to federal and jurisdictional taxes. The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
To date, Powerball holds the world record for largest jackpot set in 2016. The record $1.586 billion jackpot was shared by winners in California, Florida and Tennessee.
Top 10 Powerball Jackpots
1. $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
2. $1.2 Billion (est.) – Nov. 2, 2022
3. $768.4 Million – March 27, 2019 – WI
4. $758.7 Million – Aug. 23, 2017 – MA
5. $731.1 Million – Jan. 20, 2021 – MD
6. $699.8 Million – Oct. 4, 2021 – CA
7. $687.8 Million – Oct. 27, 2018 – IA, NY
8. $632.6 Million – Jan. 5, 2022 – CA, WI
9. $590.5 Million – May 18, 2013 – FL
10. $587.5 Million – Nov. 28, 2012 – AZ, MO