The Powerball® jackpot is quickly climbing the ranks as one of the game’s largest!

Saturday’s advertised Powerball jackpot now stands at an estimated $700 million – the 11th largest jackpot in Powerball game history. The jackpot has an estimated cash value of $316 million.

Saturday’s estimated jackpot remains the biggest Powerball grand prize in more than year. If a player wins Saturday’s jackpot, they will have the choice between an annuitized prize estimated at $700 million or a lump sum payment estimated at $316 million. Both prize options are before taxes. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5-percent each year. Saturday’s drawing will be the 36th drawing since the Powerball jackpot was last won in California on May 31, 2025.

Even though the Powerball jackpot has evaded players, the game has produced more than 17.3 million winning tickets, so far, this jackpot cycle (June 2 – Aug 20), including 50 tickets have won $1 million or more, and 483 tickets have won $50,000 or more. Note: In California, prize payouts are pari-mutuel and determined by sales and the number of winners.

Powerball® tickets are $2 per play. Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. More than half of all proceeds from the sale of a Powerball ticket remain in the jurisdiction where the ticket was sold. Since its first drawing in 1992, the Powerball game has helped generate more than $36 billion for good causes supported by U.S. lotteries.

Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee, Fla. Powerball drawings are also live streamed on Powerball.com. The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.

Top Ten Powerball Jackpots

  1. $2.04 Billion – Nov. 7, 2022 – CA
  2. $1.765 Billion – Oct. 11, 2023 - CA
  3. $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
  4. $1.326 Billion – April 6, 2024 - OR
  5. $1.08 Billion – July 19, 2023 – CA
  6. $842.4 Million – January 1, 2024 – MI
  7. $768.4 Million – March 27, 2019 – WI
  8. $758.7 Million – Aug. 23, 2017 – MA
  9. $754.6 Million – Feb. 6, 2023 - WA
  10. $731.1 Million – Jan. 20, 2021 – MD

https://www.powerball.com/powerball-jackpot-climbs-to-estimated-700-million