$725 million Powerball Jackpot Lined Up for Saturday Drawing, 8th Largest Powerball Prize

The Powerball jackpot has continued its climb up the record chart. The Powerball jackpot now stands at an estimated $725 million for the next drawing on Saturday night. The jackpot has a cash value of $345.7 million.

The jackpot currently ranks as the eighth-largest prize in the Powerball game and the game’s third-largest prize this year– behind a $754.6 million Powerball jackpot won in Washington on February 6, and the whopping $1.08 billion Powerball jackpot won in California on July 19.

The Powerball jackpot rolled Wednesday night after no ticket matched all six numbers drawn – white balls 16, 27, 59, 62, 63 and red Powerball 23. The Power Play® multiplier was 3X.

The Wednesday drawing produced more than a million winning tickets across the country, including a ticket in Georgia that matched all five white balls to win a $1 million prize. Two other tickets, sold in Georgia and Texas, matched all five white balls and won $2 million prizes by including the prize multiplier feature, Power Play, for an additional $1 per play. Other big wins from Wednesday night include 25 tickets that won $50,000 prizes and eleven tickets that won $150,000 prizes.

The upcoming drawing on Saturday night will be the 28th drawing in the jackpot run. The Powerball jackpot was previously won on July 19, when a ticket in California matched all five white balls and the red Powerball® to win a $1.08 billion jackpot – the game’s third prize to ever reach the billion-dollar mark.

If a player wins the jackpot on Saturday night, they will have the choice between an annuitized prize worth an estimated $725 million or a lump sum payment estimated at $345.7 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.

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.

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