The Powerball jackpot has surged to $850 million for tonight’s drawing, following an increase from $835 million on Wednesday morning due to robust ticket sales. The cash value for this jackpot stands at $397.4 million.
Now the second-largest jackpot of the year, and the fourth-largest in Powerball history, this prize continues to capture attention nationwide.
If a player clinches the jackpot tonight, they will face a choice between an annuitized prize of $850 million or a lump sum payment of $397.4 million, both figures before taxes. Opting for the annuity, the winner will get one immediate payment followed by 29 annual payments, each increasing by 5% annually.
The draw is set for 10:59 p.m. Ticket sales cut-off times differ by jurisdiction, typically ending 1-2 hours before the scheduled drawing. Players are advised to check with their local lottery for its specific sales cut-off time.
Tonight’s drawing marks the 30th consecutive drawing in this jackpot run. The Powerball jackpot was last claimed on July 19, when a California ticket matched all numbers, winning a staggering $1.08 billion.
The jackpot rolled over on Monday night as no ticket matched the six drawn numbers – white balls 10, 12, 22, 36, 50 and the red Powerball 4. The Monday drawing saw more than 1.2 million winning tickets across the country, including four tickets (three in Florida and one in Oregon) that matched all five white balls to win $1 million prizes. Furthermore, 32 tickets won $50,000 prizes and six tickets secured $100,000 prizes.
Powerball tickets can be purchased for $2 per play. Drawings take place every Monday, Wednesday, and Saturday at 10:59 p.m. They’re live streamed on Powerball.com. Locally, Powerball airs on WNEP-TV at about 11 p.m.
The chances of winning any prize are 1 in 24.9, while the odds of seizing the jackpot stand at 1 in 292.2 million.
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