The Powerball jackpot has officially hit $1 billion for tonight’s drawing on Saturday, August 30, 2025. The lump-sum cash option stands at an estimated $453.1 million before taxes. Fueling this meteoric rise: no jackpot winner since May 31, 2025, resulting in 39 consecutive rolls. The drawing takes place at 10:59 p.m. ET.
Secure your ticket instantly via Jackpocket.
Powerball Jackpot Growth Snapshot
| Date | Jackpot (Annuity) | Cash Option | Notes |
|---|---|---|---|
| Aug. 11, 2025 | ~$501 million | ~$229.5 million | First climb past $500 M. |
| Aug. 20, 2025 | ~$643 million | — | Highest lottery jackpot of 2025 at that point. |
| Aug. 27, 2025 | ~$850 million | ~$383.7 million | Sixth-largest in game history. (IndiaTimes) |
| Aug. 29, 2025 | ~$950 million | ~$428.9 million | Roll-over after no winner — entering top six jackpots ever. |
| Aug. 30, 2025 | $1 billion | ~$453.1 million | Reached billion-dollar milestone (sixth time ever). |
When Is the Drawing?
- Date & Time: Saturday, August 30, 2025, at 10:59 p.m. ET
- Held at the Florida Lottery draw studio; broadcast nationally and streamed online.
Annuity vs. Lump Sum
- Annuity: Full $1 billion, paid in 30 annual installments with 5% increases each year.
- Lump Sum: Estimated $453.1 million before taxes.
- Federal Taxes: 24% withheld automatically
- State Taxes: Vary by jurisdiction
How to Play
- Cost: $2 per ticket
- Numbers: Select five white balls (1–69) + one red Powerball (1–26)
- Add-Ons: Power Play for multipliers on non-jackpot prizes
- Deadline: Typically ~10:00 p.m. ET—varies by state
Get Your Ticket with Jackpocket
Skip the store lines—use Jackpocket, the licensed lottery courier app:
- Official Powerball tickets at your fingertips
- Immediate digital scan of your ticket
- Automated win notifications
- First-time players often get a free or discounted ticket
👉 Download Jackpocket and buy before cutoff—usually 1–2 hours before the drawing.
Where to Find Powerball Results
Winning numbers and full Powerball results will be posted after the drawing on DraftKings Network.
