Lead
Game officials raised the estimated Powerball jackpot to $1.80 billion on Sept. 5, 2025, ahead of the Saturday, Sept. 6 drawing from the Florida Lottery studio in Tallahassee; the estimated lump-sum cash option is $826.4 million.
Key Takeaways
- The jackpot estimate was increased from $1.70 billion to $1.80 billion on Sept. 5, 2025.
- The estimated cash (lump-sum) payout is $826.4 million, both amounts before taxes.
- This estimate makes the prize the second-largest Powerball jackpot in U.S. history.
- The drawing is scheduled for Saturday at 10:59 p.m. ET and will be livestreamed on Powerball.com.
- Players choosing the annuity would receive 30 payments (one immediate, then 29 annual increases of 5%).
- Tickets cost $2 and are sold in 45 states plus DC, Puerto Rico and the U.S. Virgin Islands.
- Overall odds of winning any prize are 1 in 24.9; odds of the jackpot are 1 in 292.2 million.
Verified Facts
On the morning of Sept. 5, 2025, Powerball game leaders updated the jackpot estimate for the upcoming Saturday drawing from $1.70 billion to an estimated $1.80 billion. Organizers list the equivalent cash option at $826.4 million; both figures are presented before federal and state taxes.
The new estimate places this drawing behind only the record $2.04 billion Powerball prize won in California on Nov. 7, 2022. Powerball also recorded $1.765 billion on Oct. 11, 2023 and other multi-hundred-million jackpots in prior years.
| Amount | Date / State |
|---|---|
| $2.04 Billion | Nov. 7, 2022 — CA |
| $1.80 Billion (estimate) | Sept. 6, 2025 — drawing |
| $1.765 Billion | Oct. 11, 2023 — CA |
| $1.586 Billion | Jan. 13, 2016 — CA, FL, TN |
| $1.326 Billion | April 6, 2024 — OR |
| $1.08 Billion | July 19, 2023 — CA |
| $842.4 Million | Jan. 1, 2024 — MI |
| $768.4 Million | March 27, 2019 — WI |
| $758.7 Million | Aug. 23, 2017 — MA |
| $754.6 Million | Feb. 6, 2023 — WA |
This Saturday’s drawing is the 42nd since the jackpot was last hit on May 31, 2025, in California. Since that date the rollover streak has produced 101 tickets winning $1 million or more and over 1,000 tickets winning $50,000 or more, as reported by the game operator.
Context & Impact
Powerball tickets are $2 per play and are available in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Lottery administrators say more than half of ticket revenue generally remains in the jurisdiction where tickets are sold to support state programs.
Since Powerball launched in 1992, the game has contributed more than $36 billion to state-supported causes, including education, public safety and community grants. Large jackpots often drive a surge in ticket sales, which in turn increases funds distributed locally.
Even with historic prize estimates, the odds of winning the jackpot remain long: 1 in 292.2 million. Players are urged to treat lottery play as entertainment and to set budgets accordingly.
Official Statements
“Excitement is building as players look forward to tomorrow night’s drawing for this historic jackpot,” said Matt Strawn, chair of the Powerball Product Group and CEO of the Iowa Lottery, urging responsible play and noting that ticket sales support local causes.
Matt Strawn / Powerball Product Group Chair, Iowa Lottery CEO
Unconfirmed
- The jackpot estimate can be adjusted again before the drawing; final official figures will be confirmed at the drawing.
- The count of winning tickets cited for the current rollover streak is the operator’s release and may be updated after official reconciliation.
- Individual tax liabilities vary by winner residence and filing status and are not included in the published estimates.
Bottom Line
The Powerball estimate of $1.80 billion makes Saturday’s drawing one of the largest in U.S. history and is likely to drive heavy interest and ticket sales. Players should verify winning numbers with the official drawing results and be aware of prize-tax implications before choosing payout options.