Powerball Jackpot Reaches $1.6 Billion | Fox Business
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The Powerball jackpot has skyrocketed to an estimated $1.6 billion ahead of the upcoming drawing on Wednesday night, marking it as the fourth-largest prize in U.S. lottery history. This impressive sum has garnered significant attention, especially since no ticket matched all six numbers in the previous drawing.
In the last drawing, the winning numbers were 3, 18, 36, 41, and 54, with the red Powerball being 7. The Power Play multiplier was set at 2, contributing to the growing excitement surrounding the jackpot.
Currently, the cash value of the jackpot stands at an estimated $781.3 million, according to lottery officials.
AMERICANS SURGE TOWARD FINANCIAL RESOLUTIONS FOR 2026 AMID HOUSEHOLD BUDGET CONCERNS
The Powerball jackpot is now the fifth-largest in U.S. lottery history. (Brandon Bell/Getty Images)
The odds of winning any prize are approximately 1 in 24.9, while the chances of hitting the jackpot are significantly lower at 1 in 292.2 million. Despite the lack of a jackpot winner in the latest drawing, nine tickets successfully matched all five white balls. These winning Match 5 tickets were sold across various states, including Florida, Georgia, Illinois, New York (two tickets), Ohio, Pennsylvania, Tennessee, and Wisconsin.
Wednesday’s drawing is notable as it will be the fourth-largest in Powerball history, marking the 47th drawing in the current jackpot run. This streak sets a new record for the most drawings in a single jackpot cycle.
POWERBALL JACKPOT SKYROCKETS ABOVE $1B AFTER PRIZE GOES UNCLAIMED
The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are 1 in 292.2 million. (CatLane)
The last time the Powerball jackpot was won was on September 6, when two tickets from Missouri and Texas shared a staggering $1.787 billion prize. Winners have the option to choose between a lump sum payment of approximately $781.3 million or an annuitized prize estimated at $1.7 billion, both amounts being before taxes.
SINGLE TICKET SOLD IN GEORGIA CAPTURES $980M MEGA MILLIONS JACKPOT
If a winner selects the annuitized option, they will receive an initial payment followed by 29 annual payments that increase by 5% each year.
The Powerball jackpot now has an estimated cash value of $735.3 million, according to the lottery. (Reuters/Andrew Kelly)
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Powerball tickets are available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings take place three times a week on Monday, Wednesday, and Saturday.
The biggest U.S. lottery jackpots:
- $2.04 billion – Powerball; Nov. 7, 2022 – California
- $1.787 billion – Powerball; Sept. 6, 2025 – Missouri, Texas
- $1.765 billion – Powerball; Oct. 11, 2023 – California
- $1.7 billion – Powerball; Dec. 24, 2025 (current prize, estimated jackpot)
- $1.602 billion – Mega Millions; Aug. 8, 2023 – Florida
- $1.586 billion – Powerball; Jan. 13, 2016 – California, Florida, Tennessee
- $1.537 billion – Mega Millions; Oct. 23, 2018 – South Carolina
- $1.348 billion – Mega Millions; Jan. 13, 2023 – Maine
- $1.337 billion – Mega Millions; July 29, 2022 – Illinois
- $1.326 billion – Powerball; April 6, 2024 – Oregon
Check out what’s clicking on FoxBusiness.com.
The Powerball jackpot has skyrocketed to an estimated $1.6 billion ahead of the upcoming drawing on Wednesday night, marking it as the fourth-largest prize in U.S. lottery history. This impressive sum has garnered significant attention, especially since no ticket matched all six numbers in the previous drawing.
In the last drawing, the winning numbers were 3, 18, 36, 41, and 54, with the red Powerball being 7. The Power Play multiplier was set at 2, contributing to the growing excitement surrounding the jackpot.
Currently, the cash value of the jackpot stands at an estimated $781.3 million, according to lottery officials.
AMERICANS SURGE TOWARD FINANCIAL RESOLUTIONS FOR 2026 AMID HOUSEHOLD BUDGET CONCERNS
The Powerball jackpot is now the fifth-largest in U.S. lottery history. (Brandon Bell/Getty Images)
The odds of winning any prize are approximately 1 in 24.9, while the chances of hitting the jackpot are significantly lower at 1 in 292.2 million. Despite the lack of a jackpot winner in the latest drawing, nine tickets successfully matched all five white balls. These winning Match 5 tickets were sold across various states, including Florida, Georgia, Illinois, New York (two tickets), Ohio, Pennsylvania, Tennessee, and Wisconsin.
Wednesday’s drawing is notable as it will be the fourth-largest in Powerball history, marking the 47th drawing in the current jackpot run. This streak sets a new record for the most drawings in a single jackpot cycle.
POWERBALL JACKPOT SKYROCKETS ABOVE $1B AFTER PRIZE GOES UNCLAIMED
The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are 1 in 292.2 million. (CatLane)
The last time the Powerball jackpot was won was on September 6, when two tickets from Missouri and Texas shared a staggering $1.787 billion prize. Winners have the option to choose between a lump sum payment of approximately $781.3 million or an annuitized prize estimated at $1.7 billion, both amounts being before taxes.
SINGLE TICKET SOLD IN GEORGIA CAPTURES $980M MEGA MILLIONS JACKPOT
If a winner selects the annuitized option, they will receive an initial payment followed by 29 annual payments that increase by 5% each year.
The Powerball jackpot now has an estimated cash value of $735.3 million, according to the lottery. (Reuters/Andrew Kelly)
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Powerball tickets are available in 45 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Drawings take place three times a week on Monday, Wednesday, and Saturday.
The biggest U.S. lottery jackpots:
- $2.04 billion – Powerball; Nov. 7, 2022 – California
- $1.787 billion – Powerball; Sept. 6, 2025 – Missouri, Texas
- $1.765 billion – Powerball; Oct. 11, 2023 – California
- $1.7 billion – Powerball; Dec. 24, 2025 (current prize, estimated jackpot)
- $1.602 billion – Mega Millions; Aug. 8, 2023 – Florida
- $1.586 billion – Powerball; Jan. 13, 2016 – California, Florida, Tennessee
- $1.537 billion – Mega Millions; Oct. 23, 2018 – South Carolina
- $1.348 billion – Mega Millions; Jan. 13, 2023 – Maine
- $1.337 billion – Mega Millions; July 29, 2022 – Illinois
- $1.326 billion – Powerball; April 6, 2024 – Oregon
