Powerball Jackpot Hits $1 Billion | August 2025 Draw Date and Claiming Guide

Powerball Jackpot Surpasses $1 Billion! Draw Tonight

Great news! The Powerball® jackpot has climbed again!

Originally projected at $950 million, officials now announce: Tonight's jackpot has reached $1 billion!

If you choose the lump-sum option, you'll receive $453.1 million in cash (before taxes).

This marks the sixth time in Powerball's 33-year history that the jackpot has hit $1 billion.

Lottery Director Matt Strong stated: “A big surprise for Labor Day weekend! For just $2, you can buy a ticket that not only gives you a chance to win big, but also supports local community programs.”

When is the draw?

Saturday at 10:59 p.m. Eastern Time

Live from the draw studio in Tallahassee, Florida

Also viewable online at Powerballhome.com

How to claim your prize?

You can choose to receive $1 billion over 30 years (with a 5% annual increase),

or take a lump sum of $453.1 million (before taxes).

Why is this jackpot so huge?

Because no one has won the jackpot since May 31st in California—

that's 39 consecutive draws without a top prize winner!

But since summer began, 62 people have won over $1 million,

and 608 have won over $50,000.

Lottery Quick Facts:

▸ $2 per ticket

▸ Sold in 45 states + Washington D.C. + Puerto Rico + U.S. Virgin Islands

▸ Over half of sales revenue stays locally for public welfare

▸ Since its launch in 1992, it has raised $36 billion for public welfare

Odds of Winning:

Overall odds: 1 in 24.9

Jackpot odds: 1 in 292.2 million (thousands of times lower than being struck by lightning)

Top 10 Powerball Jackpots in History (USD):

1.$2.04 billion (November 7, 2022, California)

2.$1.765 billion (October 11, 2023, California)

3.$1.586 billion (January 13, 2016, Tri-State)

4.$1.326 billion (April 6, 2024, Oregon)

5.$1.08 billion (July 19, 2023, California)

6.$1 billion (estimated) (August 30, 2025)

7.$842.4 million (January 1, 2024, Michigan)

8.$768.4 million (March 27, 2019, Wisconsin)

9.$758.7 million (August 23, 2017, Massachusetts)

10.$754.6 million (February 6, 2023, Washington)