The Powerball jackpot has jumped again, with the next draw expected to reach $643 million.

The Powerball jackpot has grown again! For the next drawing on Wednesday night, the top prize is estimated to be a massive $643 million. Winners can choose to take that money as an annuity paid over time, or they can grab a giant lump sum of cash right now, estimated at $290.6 million. Remember, these amounts are before taxes are taken out.
This is the biggest the Powerball jackpot has been in over a year. The last time someone won a billion-dollar Powerball prize was in Oregon on April 6, 2024. Since that huge win, there have been ELEVEN jackpot winners! All of those prizes were under $600 million, making this new $643 million prize a really big deal.
Here’s a list of all the wins since the last billion-dollar jackpot:
May 6, 2024 - $214.9 million – Florida
June 10, 2024 - $222.6 million – New Jersey
July 3, 2024 - $139.3 million – Ohio
Aug 12, 2024 - $213.8 million – Pennsylvania
Aug 19, 2024 - $44.3 million – California
Oct 23, 2024 - $478.2 million – Georgia
Dec 7, 2024 - $256 million - New York
Jan 18, 2025 - $328.5 million – Oregon
Mar 29, 2025 - $526.5 million – California
Apr 26, 2025 - $167.3 million – Kentucky
May 31, 2025 - $204.5 million – California
No one has won the top prize since the May 31st win in California. Wednesday's drawing will be the 35th drawing since then.
If You Win: Cash or Annuity?
A winner can choose:
The Annuity: You get the full $643 million paid out over 30 years. You get one payment first, and then 29 more payments each year that get 5% bigger.
The Cash Lump Sum: You get all the money at once, but it's the smaller amount of $290.6 million.
How to Play and Where the Money Goes
Tickets cost $2 per play. You can buy them in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
A big plus of playing is that more than half of the money from ticket sales stays in the area where the ticket was bought. Since it started in 1992, Powerball has raised over $36 billion for good causes like schools and parks across the U.S.
How to Watch and Your Chances
The drawings are broadcast live on Mondays, Wednesdays, and Saturdays at 10:59 p.m. ET. You can watch from the Florida Lottery draw studio in Tallahassee or watch a live stream on Powerball.com.
Your chances of winning any prize are 1 in 24.9. The chances of hitting the massive jackpot are much harder, at 1 in 292.2 million.
Written by Powerball Home
Published: Tue,19 August 2025 - 11:23PM
Published By: PowerballHome.Com