$1 billion Powerball jackpot on the line in tonight's drawing. Here's what to know.
Summary
The Powerball lottery jackpot has reached over $1 billion for the drawing on Wednesday, making it the eighth-largest prize in Powerball history. The jackpot amount is before taxes and can be taken as either a $1 billion prize paid over 30 years or a lump sum payment of $433.1 million.Key Facts
- The $1 billion jackpot grew after no one won in Monday’s drawing.
- It is the 15th time a $1 billion Powerball prize has been reached in U.S. lottery history.
- The lump sum cash option is $433.1 million, both amounts before taxes.
- This is the biggest jackpot so far in 2026.
- The last billion-dollar jackpot winner was in Arkansas, winning $1.82 billion in December 2025.
- The Powerball game is available in 45 states, the U.S. Virgin Islands, Washington, D.C., and recently started selling tickets in the U.K.
- The odds of winning the jackpot are about 1 in 292.2 million.
- Some smaller prizes were won in recent drawings, including $2 million in Tennessee and $1 million prizes in California and Maryland.
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