The Powerball jackpot has reached $1 billion as of noon Tuesday, Aug. 11. The estimated prize has a cash value of $433.1 million, according to the Powerball website. The jackpot will be up for grabs in the next drawing Wednesday, Aug. 12.
The jackpot is the eighth largest in the game's history and the largest so far this year.
The jackpot was last won May 2. Two tickets in Florida and Texas split $20 million.
Here's everything you need to know before the next Powerball drawing.
When is the next Powerball drawing?
The next Powerball drawing is Wednesday, Aug. 12. Drawings are held at 10:59 p.m. every Monday, Wednesday and Saturday.
How late can you buy a Powerball ticket?
In Michigan, in-store and online ticket sales are available until 9:45 p.m. on the night of the draw.
What does it cost to play Powerball?
Powerball costs $2 to play. For an additional $1 per
play, the Power Play feature can multiply non-jackpot prizes by two, three, four, five or 10 times.
What is the Power Play?
For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by two, three, four, five or 10 times.
The multiplier is randomly selected before each drawing.
The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less.
What are the Powerball prizes?
The complete guide to winnings is:
- Match 5 White Balls + Powerball: Jackpot
- Match 5 White Balls: $1 million
- Match 4 White Balls + Powerball: $50,000
- Match 4 White Balls: $100
- Match 3 White Balls + Powerball: $100
- Match 3 White Balls: $7
- Match 2 White Balls + Powerball: $7
- Match 1 White Ball + Powerball: $4
- Match Powerball: $4
- Match 5 White Balls with Power Play: $2 million
- Match 4 White Balls + Powerball with Power Play: $200,000
- Match 4 White Balls with Power Play: $400
- Match 3 White Balls + Powerball with Power Play: $400
- Match 3 White Balls with Power Play: $28
- Match 2 White Balls + Powerball with Power Play: $28
- Match 1 White Ball + Powerball with Power Play: $16
- Match Powerball with Power Play: $16
What are the odds of winning the Powerball jackpot?
The overall odds of winning the Powerball jackpot are 1 in 292.2 million.
How do I find the Powerball winning numbers?
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. from the Florida Lottery draw studio in Tallahassee. Drawings are also lived streamed on Powerball.com. The winning numbers are posted to the Powerball and Michigan Lottery websites.
What's the Powerball Double Play drawing?
In-store Powerball purchasers can select the Double Play option to use their numbers in a second drawing immediately following the regular Powerball drawing for a chance to win additional prizes of up to $10 million. Players can add the Double Play feature to their Powerball ticket for an additional $1 per play.
The Powerball Double Play drawing takes place between 11:30 and 11:40 p.m.
The Power Play multiplier does not apply to prizes won in the Double Play drawing.
This article originally appeared on Detroit Free Press: Powerball jackpot surges to $1 billion for the first time in 2026
