AI Generated Image
Powerball Jackpot Hits $1 Billion Ahead of Upcoming Drawing
Yahoo • • business
Key Points:
- The Powerball jackpot has reached $1 billion for Wednesday night's drawing, up from an estimated $975 million due to stronger-than-expected ticket sales.
- This jackpot is the eighth-largest in Powerball history and the biggest U.S. lottery jackpot offered in 2026 so far, with a cash payout option of approximately $433.1 million before taxes.
- Ticket sales surged by over 86% compared to the previous Monday, driven by increased player interest in the U.S. and new participation from the United Kingdom following Powerball's expansion there.
- The drawing will take place at 10:59 p.m. ET in Florida and will be broadcast on television and streamed online, with odds of winning the jackpot at 1 in 292.2 million.
- Powerball tickets cost $2 and are sold in 45 states, D.C., Puerto Rico, the U.S. Virgin Islands, and the U.K., with proceeds supporting various public programs including education, veterans services, and parks.
