Powerball Jackpot Reaches $1.3 Billion: What You Need To Know

Powerball fever is gripping America! After nobody matched all the numbers on Monday night's drawing, the Powerball Jackpot has now hit $1.3 billion, which is currently the fifth largest in the game's history and ninth largest among U.S. lottery jackpot games.

The Powerball is hitting historic levels.

The next Powerball drawing will take place on Wednesday, Sept. 3, and is an estimated $1.3 billion with a cash value option of $589 million. If the winner selects the annuity option, they will receive one immediate payment followed by 29 annual payments that increase by 5-percent each year. This will be the 41st drawing since the last Powerball win. The last time someone won was on May 31, 2025 in California.

@abc7la The jackpot continues to grow! No ticket matched all six numbers in the Labor Day drawing, and the jackpot now sits at $1.3 billion for Wednesday's drawing. Read more at the link. #powerball #lottery #jackpot ♬ original sound - ABC7LA

Here are the top-ten Powerball Jackpots of all-time.

$2.04 Billion – Nov. 7, 2022

$1.765 Billion – Oct. 11, 2023

$1.586 Billion – Jan. 13, 2016

$1.326 Billion – April 6, 2024

$1.30 Billion (estimated) – Sept. 3, 2025

$1.08 Billion – July 19, 2023

$842.4 Million – January 1, 2024

$768.4 Million – March 27, 2019

$758.7 Million – Aug. 23, 2017

$754.6 Million – Feb. 6, 2023

Twelve people are still millionaires after winning the Powerball Jackpot.

Even though nobody matched all of the numbers, there are still 12 new millionaires: 10 won $1 million, and 2 people won $2 million. Another 129 people won $50,000 or more. Be sure you check your tickets because you can win even if you just match the Powerball. There are also several other ways you can win playing Powerball Jackpot.