When Is the Next Powerball Drawing and What’s the Current Jackpot Worth?

As the Powerball jackpot surges to an estimated $700 million, lottery players across the United States are rushing to grab their tickets before the next drawing scheduled for Saturday, August 23, 2025. With a cash option of approximately $316 million, this massive prize pool has sparked nationwide excitement—especially after no one matched all six numbers in the previous drawing on Wednesday.

What Time Is the Next Powerball Drawing?

The next Powerball drawing is set for Saturday, August 23, 2025, at 10:59 p.m. ET. Powerball drawings occur three times a week—on Monday, Wednesday, and Saturday. Ticket purchase deadlines vary by state but generally close one to two hours before the drawing. Lottery officials recommend buying early to avoid last-minute issues or system slowdowns.

How Much Is the Powerball Jackpot Right Now?

The current Powerball jackpot is estimated at $700 million, with a lump-sum cash value of $316 million. This marks one of the largest jackpots of 2025 so far. The jackpot has been rolling over since earlier this month, with no players matching all five white balls and the Powerball number during the last several draws.

Wednesday’s Winning Numbers and Payouts

The winning numbers for Wednesday, August 20, 2025, were:

31, 59, 62, 65, 68 with the Powerball number 5
Power Play: 2X

While no ticket won the grand prize, three players came very close:

• $2 million prize: A ticket sold in Tennessee matched all five white balls and added the Power Play.

• $1 million prizes: Tickets sold in Michigan and Oklahoma matched all five white balls (without Power Play).

In addition, thousands of smaller prizes were distributed across multiple states for matching partial combinations.

How to Play Powerball and Boost Your Winnings

Here’s a quick breakdown of how Powerball works:

• Standard Ticket Price: $2 per play

• Power Play: Add $1 to multiply non-jackpot prizes by up to 10X

• Double Play: Add $1 for a second chance to win up to $10 million in a separate drawing

Players pick five white numbers between 1 and 69 and one Powerball number between 1 and 26. The odds of winning the jackpot are approximately 1 in 292.2 million, but smaller prizes range from $4 to $1 million (or $2 million with Power Play).

Powerball Jackpot Winners in 2025

Here are the major Powerball jackpot wins so far in 2025:

• $328.5 million — January 18, Oregon

• $526.5 million — March 29, California

• $167.3 million — April 26, Kentucky

• $204.5 million — June 1, California

Top 10 Powerball Jackpots of All Time

1. $2.04 billion — November 7, 2022; California

2. $1.765 billion — October 11, 2023; California

3. $1.586 billion — January 13, 2016; California, Florida, Tennessee

4. $1.326 billion — April 6, 2024; Oregon

5. $1.08 billion — July 19, 2023; California

6. $842 million — January 1, 2024; Michigan

7. $768.4 million — March 27, 2019; Wisconsin

8. $758.7 million — August 23, 2017; Massachusetts

9. $754.6 million — February 6, 2023; Washington

10. $731.1 million — January 20, 2021; Maryland

Now’s the time to buy your ticket and get ready for Saturday’s drawing—one lucky player could walk away a multimillionaire.

For your information:

What time is the next Powerball drawing?
The next drawing is at 10:59 p.m. ET on Saturday, August 23, 2025.

How much is the current Powerball jackpot?
It’s estimated at $700 million with a cash option of $316 million.

What were the last winning numbers?
31, 59, 62, 65, 68 and Powerball 5; Power Play was 2X.

How much does a Powerball ticket cost?
A standard play costs $2. Power Play and Double Play options each cost $1 more.

What are your chances of winning Powerball?
The odds of winning the jackpot are about 1 in 292.2 million, but smaller prizes are more frequent.