How Much is the Powerball Jackpot?
The Powerball Jackpot is always worth at least $20 million and to win it you need to match all six numbers – the five main white balls plus the red Powerball.
The Powerball jackpot continues to increase with each subsequent draw until it is won. There is no limit to how high the jackpot can get and has on a number of occasions surpassed $1 billion.
The final estimated jackpot amount prior to the draws on Monday, Wednesday and Saturday will depend upon how much money is already in the pot as a result of rollovers plus how many tickets are expected to be sold for the next drawing.
The minimum amount it increases is $2 million per draw, although typically it's a lot more. The jackpot value is the same across all 48 jurisdictions where Powerball is played.
If you win the jackpot, the amount is the same no matter where you live or bought your ticket. If there are multiple winners, it is split between them.
Powerball Jackpot Today$262 Million
The jackpot increases by $2 million per draw as a minimum, although it's typically a lot more in practice. The jackpot value is the same across all 48 jurisdictions where Powerball is played. If you win the jackpot, the amount is the same no matter where you live or bought your ticket. If there are multiple winners, it is split between them.
The estimated jackpot includes an annuity figure and the cash alternative if you would prefer to take it as a lump sum. Visit the Jackpot Analysis to see a breakdown of the current annuity and lump sum payouts and how federal and state taxes affect them.
Lowest and Highest Powerball Jackpot
Powerball officials eliminated a guaranteed level for the lowest jackpot during the coronavirus pandemic due to falling ticket sales as players stayed at home.
Previously, the starting jackpot was $40 million and there was a minimum rollover of $10 million. Since the changes came into effect, the starting jackpot has been $20 million and rollover increases have been at least $2 million. However, these amounts could change if necessary based on the ticket sales required to support the jackpot.
The jackpot has regularly climbed past $500 million, and in November 2022 it reached $2.04 billion after 40 consecutive rollovers. The jackpot was won by Edwin Castro from California - this is the largest jackpot ever won by a single ticket worldwide. The previous record was set in January 2016 when the jackpot reached a massive $1.586 million. Three ticket holders – John and Lisa Robinson from Tennessee, the Nickel 95 Trust from Florida, and Marvin and Mae Acosta from California – split the money.
Find out the Current Mega Millions Jackpot if you want to know how much is up for grabs in the other big multi-state lottery.
Visit the Powerball number checker and find out if any of your numbers have matched in recent draws. Depending on which state you are in, you have between 30 days and a year to claim your prize.
To find out about Powerball jackpot winners from other states, choose from one of the options below:
Powerball NJ (New Jersey)
Powerball NC (North Carolina)
Power SC (South Carolina)
Powerball CA (California)Powerball Kentucky (Kentucky)