Powerball jackpot officially reaches $1 billion

PITTSBURGH — With a little bit of luck, you could soon be a billionaire!

That’s because, according to the Powerball website, the jackpot has officially hit $1 billion for Wednesday night’s drawing — the eighth largest jackpot in the history of the game.

The cash option on that billion-dollar prize is $433.1 million.

The Powerball jackpot has not been won since May 2, 2026, when two tickets sold in Florida and Texas split a $20 million jackpot, lottery officials said.

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The largest jackpot in Powerball history is $2.04 billion, won by a single ticket in California on Nov. 7, 2022.

The current Powerball jackpot is the largest since a $1.817 billion prize was won in Arkansas on Dec. 24, 2025. That is still the second-largest jackpot in the promotion’s history.

Powerball tickets cost $2 per play and are sold in 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands. States that do not participate are Alabama, Alaska, Hawaii, Nevada, and Utah.

Drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. You can watch Wednesday’s drawing live on 11 at 11.

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