The next Powerball drawing is scheduled to be broadcast live on Wednesday night at 10:59 p.m. The latter option offers to pay out the full jackpot amount over the course of roughly 30 years.Īccording to Powerball, the odds of winning any prize after entering the game are slightly less than 1 in 25, while odds of winning the jackpot are about 1 in 292 million. Those who ultimately claim the next Powerball jackpot have the option to receive their prize as either an immediate lump sum, amounting to an estimated $335.7 million in cash value if someone wins on Wednesday, or as an annuity. In April, an Arizona ticket won $473.1 million, and, in June, the $366.7 million jackpot matched a lottery ticket sold in Vermont. In January, winners in California and Wisconsin split the $632.6 million jackpot before a Connecticut winner took home the $185.3 million prize about one month later. That was the fifth Powerball grand prize won in 2022.
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