What Time Is the Powerball Drawing? Jackpot Soars to $1.4 Billion

The next Powerball drawing is set for Wednesday at 10:59 p.m. ET. That’s 9:59 p.m. CT, live from the Florida Lottery studio in Tallahassee.

The prize is now $1.4 billion, making it one of the largest jackpots in U.S. history. No one has won the grand prize since May 31, pushing this streak to 41 drawings.

Why Powerball Fever Is Sweeping the Nation

This week’s jackpot has everyone talking. The cash payout option for Wednesday’s drawing is $634.3 million. Most winners take the lump sum, not the annuity.

Powerball tickets cost $2 each. They are sold in 45 states, plus Washington D.C., Puerto Rico, and the U.S. Virgin Islands.

Odds of winning the jackpot are 1 in 292.2 million. Still, millions of hopefuls play every week. Some win smaller prizes. Others simply chase the dream.

According to NBC News, this jackpot joins the top 10 in U.S. lottery history. The biggest Powerball win remains $2.04 billion, won in California in 2022.

How and When to Play Powerball This Week

To play, pick five numbers from 1 to 69 and one Powerball number from 1 to 26. Drawings happen every Monday, Wednesday, and Saturday.

You can also add Power Play for an extra $1, which can multiply non-jackpot winnings. A $1 million prize can turn into $2 million with Power Play.

There are nine ways to win. Matching just the Powerball earns $4. Matching four numbers and the Powerball wins $50,000. The second-biggest prize is $1 million for five numbers (without the Powerball).

A math professor in Connecticut recently made headlines for winning $100,000 after buying a ticket as part of a class demonstration. His aim? To show how hard it is to win.

Yet, the dream remains alive for millions across the U.S.

If you’re playing, check your numbers after 10:59 p.m. ET. That’s the official time for every Powerball draw. And remember — it only takes one ticket.

Info at your fingertips-

Q1: What time is the Powerball drawing?

The Powerball drawing takes place at 10:59 p.m. ET on Monday, Wednesday, and Saturday nights.

Q2: What is the Powerball jackpot for Wednesday?

The estimated jackpot is $1.4 billion. The cash option is $634.3 million.

Q3: How much is a Powerball ticket?

Each ticket costs $2. You can add Power Play for an extra $1 to multiply non-jackpot prizes.

Q4: What are the odds of winning the jackpot?

The odds are 1 in 292.2 million. It’s one of the hardest games to win.

Q5: How many ways can you win in Powerball?

There are nine total ways to win, from $4 up to the jackpot.