The Powerball® jackpot has reached top ten territory! Game leaders increased the Powerball jackpot on Friday from an estimated $590 million to $615 million ($310.6 million cash value) for the next drawing on Saturday, July 8. The jackpot currently ranks as the 10th largest Powerball jackpot.
If a player wins the jackpot in Saturday’s drawing, they will have the choice between an annuitized prize worth an estimated $615 million or a lump sum payment estimated at $310.6 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5% each year.
The Powerball jackpot was last hit in the April 19, 2023 drawing, when a ticket in Ohio matched all five white balls and the red Powerball to win a grand prize worth $252.6 million. Since then, there have been 33 consecutive drawings without a jackpot winner.
The Powerball jackpot last rolled Wednesday night after no ticket matched all six numbers drawn – white balls 17, 24, 48, 62, 68 and red Powerball 23. The Power Play® multiplier was 2X.
Top-winning tickets in the Wednesday, July 5 drawing include three tickets (FL, NY, OH) that matched all five white balls to win $1 million prizes. Other top-winning tickets include 22 tickets that matched four of the five white balls and the red Powerball. Seventeen of the tickets won $50,000 prizes. The other five tickets increased the $50,000 prize to $100,000 by including the Power Play option for an additional dollar.
Nationwide, the drawing produced more than 864-thousand winning tickets, with players winning lower-tier prizes worth a combined total of $9.0 million.
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. EST from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live streamed on Powerball.com.
Top 10 Powerball Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $768.4 Million – March 27, 2019 – WI
- $758.7 Million – Aug. 23, 2017 – MA
- $754.6 Million – Feb. 6, 2023 - WA
- $731.1 Million – Jan. 20, 2021 – MD
- $699.8 Million – Oct. 4, 2021 – CA
- $687.8 Million – Oct. 27, 2018 – IA, NY
- $632.6 Million – Jan. 5, 2022 – CA, WI
- $615 Million (est.) – July 8, 2023