With one day to go until the New Year, the Powerball jackpot has risen to an estimated $760 million. The jackpot has an estimated cash value of $383.6 million. The next drawing is set for tonight, Saturday night December 30 at 10:59 p.m. ET.
This is the fourth Powerball jackpot to climb above half a billion dollars this calendar year. The Powerball jackpot was previously won on Oct. 11, 2023, by a ticket in California that won a grand prize worth $1.765 billion. Since then, there have been 29 consecutive drawings without a jackpot winner.
If a player wins the Powerball jackpot in Saturday’s drawing, they will have the choice between an annuitized prize worth an estimated $760 million or a lump sum payment estimated at $383.6 million. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5-percent 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. Powerball drawings are broadcast live every Monday, Wednesday, and Saturday 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.
2023 Powerball Jackpots:
- • Feb. 6, 2023 – $754.6 million – WA
- • March 4, 2023 – $162.2 million – VA
- • April 19, 2023 – $252.6 million – OH
- • July 19, 2023 – $1.08 billion – CA
- • Oct. 11, 2023 – $1.765 billion – CA
