$1 billion Powerball jackpot on the line in tonight's drawing. Here's what to know.
The jackpot is the eighth-largest Powerball prize ever.
The Powerball jackpot stands at an astonishing $1 billion, marking the eighth-largest prize in U.S. lottery history. The jackpot amount is available either as a lump sum of $433.1 million or as 30 annual installments totaling $433.1 million. This is the highest jackpot of 2026. The last billion-dollar winner was in December last year when a single ticket in Arkansas claimed $1.82 billion.
The drawing is set for Wednesday at 10:59 p.m. ET. Powerball chair Stephen Durrell pointed out the extraordinary interest from players, with Monday night's ticket sales exceeding expectations by more than 86%. This will be the first time the U.K. has a chance at a Powerball jackpot, as the game started selling tickets in late July.
The game is available in 45 states, U.S. Virgin Islands, and Washington, D.C. Despite no winners in Monday's drawing, there were winners in Tennessee, California, Maryland, and four people won $150,000 each. The odds of winning the grand prize are 1 in 292.2 million.
Written by urgent.news from CBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
