After reviewing final ticket sales from Monday night’s Powerball® drawing, game leaders have increased the estimated jackpot from $975 million to $1.0 billion. The jackpot has an estimated cash value of $433.1 million.
The jackpot ranks as the eighth largest in Powerball history and the largest U.S. lottery jackpot offered so far in 2026.
The jackpot increase comes as player excitement continues to build nationwide and internationally. As the jackpot grows, game leaders forecast increased ticket sales across all participating lotteries ahead of Wednesday night’s drawing.
"The growth of this jackpot reflects an extraordinary level of player interest,” said Stephen Durrell, Powerball Product Group Chair and Kansas Lottery Executive Director. “Ticket sales for last night's drawing exceeded expectations and increased more than 86% compared to the previous Monday drawing. We're also continuing to see strong participation from both new players in the United Kingdom and millions of Americans who join in as the jackpot reaches the $1 billion mark."
The next Powerball drawing will take place on Wednesday, Aug. 12, at 10:59 p.m. ET from the Powerball draw studio in Florida. The drawing will be broadcast live by carrier TV stations across the country and livestreamed on Powerball.com.
Powerball tickets cost $2 per play and are sold in 45 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.
More than half of every $2 Powerball ticket purchase remains in the jurisdiction where it is sold, helping fund public programs and services that benefit local communities. Since 1992, Powerball has generated an estimated $38 billion for good causes, including education and scholarships, veteran services, parks and recreation, and more.
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Powerball draw studio in Florida and streamed live on Powerball.com.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Top 10 Powerball® Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.817 Billion – Dec. 24, 2025 - AR
- $1.787 Billion – Sept. 6, 2025 – MO, TX
- $1.765 Billion – Oct. 11, 2023 - CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.326 Billion – April 6, 2024 – OR
- $1.08 Billion – July 19, 2023 – CA
- $1.0 Billion (est.) – Aug. 12, 2026
- $842.4 Million – January 1, 2024 – MI
- $768.4 Million – March 27, 2019 – WI