Powerball jackpot nears $1 billion, the second largest prize of the year
(CNN) — The Powerball jackpot drawing has climbed to an estimated $930 million, the second largest prize in 2025, according to a Wednesday statement from the Multi-State Lottery Association.
The jackpot has been growing steadily for the past few months, since the $1.787 billion jackpot in September – the second largest in Powerball history.
If someone wins tonight, they’ll have two payout options: an estimated lump sum of $429 million, or an annuitized prize, where the estimated $930 million is divided into 30 yearly payments. Both options are before taxes.
The odds of winning the jackpot are low – someone would have about a 1 in 292.2 million chance to win. Smaller prizes ranging from $4 up to $1 million carry better odds of winning.
The jackpot in September went to winners in Texas and Missouri, who split the $1.787 billion prize.
Customers in nearly all states, Washington, DC, Puerto Rico and the US Virgin Islands can buy a ticket for $2. For the five holdout states, Alabama, Utah, Alaska, Hawaii and Nevada, there are a number of reasons including, lobbying and lack of incentives, why they don’t have a lottery.
The Powerball drawings are held every Monday, Wednesday and Saturday at 10:59 pm ET.
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