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That’s billion with a B. The Powerball jackpot has reached an estimated $1 billion ahead of the next drawing, according to lottery officials. 

No one matched all five numbers and the Powerball during Monday’s drawing, prompting the big prize to grow. 

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The jackpot now has a cash option worth about $433.1 million.

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“The growth of this jackpot reflects an extraordinary level of payer interest,” said Stephen Durrell, Powerball Product Group Chair and Kansas Lottery Executive Director, in a news release. 

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Last Powerball jackpot win was in May

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The last time someone won the big prize was on May 2, when winning tickets sold in Florida and Texas split a $20 million jackpot.

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The jackpot has rolled over ever since. 

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It’s currently the eighth-largest in the game’s history and the largest Powerball jackpot of 2026, according to lottery officials.

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The largest Powerball jackpot ever was a massive $2.04 billion won by a single ticket sold in California on Nov. 7, 2022.

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When is the next Powerball drawing?

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The next drawing is set for Aug. 12 at 10:59 p.m. ET.

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You can watch the drawing live on the Powerball website.

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How to play Powerball

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Powerball tickets are $2 per play. For an additional $1 per play, Power Play can be added for a chance to multiply winning non-jackpot winnings.

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Tickets are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands and the United Kingdom.

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The odds of winning the Powerball jackpot are 1 in 292 million, according to lottery officials.

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The 10 largest Powerball jackpots

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  1. $2.04 billion – Nov. 7, 2022 – California
  2. $1.817 billion – Dec. 24, 2025 – Arkansas
  3. $1.787 billion – Sept. 6, 2025 – Missouri, Texas
  4. $1.765 billion – Oct. 11, 2023 – California
  5. $1.586 billion – Jan. 13, 2016 – California, Florida, Tennessee
  6. $1.326 billion – April 6, 2024 – Oregon
  7. $1.08 billion – July 19, 2023 – California
  8. $1 billion (est.) – Aug. 12, 2026
  9. $842.4 million – Jan. 1, 2024 – Michigan
  10. $768.4 million – March 27, 2019 – Wisconsin

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The Source: This story was written with information released by Powerball lottery officials. 

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LotteryMoney