Summary
The Powerball jackpot has reached an estimated $1.4 billion for Wednesday night's drawing. This makes it the fourth-largest prize in Powerball history and the sixth-largest U.S. lottery jackpot overall. The drawing will take place at 10:59 p.m. ET in Tallahassee, Florida.
Key Facts
- The current $1.4 billion jackpot is the fourth-largest in Powerball history and the sixth-largest U.S. lottery jackpot ever.
- The drawing will occur at 10:59 p.m. ET, and the numbers are drawn in Tallahassee, Florida.
- The cash option for the jackpot is $634.3 million before taxes.
- Powerball drawings happen every Monday, Wednesday, and Saturday.
- Powerball tickets cost $2, with an optional $1 Power Play which multiplies non-jackpot prizes.
- Ticket sale cut-off times vary by state but are generally 1-2 hours before the drawing.
- The odds of winning the jackpot are 1 in 292.2 million.
- Average American spending on lottery tickets in 2023 was $320, a 4% increase from 2022.
