Washington, D.C., August 30, 2025
News Summary
The Powerball drawing on August 30, 2023, will feature a massive jackpot of $1 billion, marking a $50 million increase since the last drawing. Ticket sales will close at 9:59 p.m. ET, with the drawing scheduled for 10:59 p.m. ET. The current jackpot is the largest since April 2024 and is one of only six billion-dollar jackpots in Powerball history. Players have odds of approximately 1 in 293 million for winning the jackpot.
Washington, D.C. – The Powerball drawing set for Saturday, August 30, 2023, will see a staggering jackpot of $1 billion. This latest figure reflects a $50 million increase since the previous drawing on Wednesday, where no grand prize winner was found. If claimed, this prize will be recorded as the largest Powerball jackpot since April 2024 and marks the 6th billion-dollar jackpot in the history of Powerball.
Players interested in participating have until 9:59 p.m. ET on Saturday to buy their $2 tickets. The Powerball drawing itself will be held shortly after, at 10:59 p.m. ET. With the odds of winning the Powerball jackpot estimated at approximately 1 in 293 million, these tickets can be purchased across 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
Following the most recent drawing on Wednesday, where the jackpot was estimated at $861 million, the lack of a grand prize winner has allowed the jackpot to soar. The previous drawing produced six new millionaires, with players in Arizona, New York, and Virginia matching all five white ball numbers for a $1 million prize each. Additionally, three players in Mississippi, Ohio, and Virginia, who opted for the Power Play feature, earned $2 million each by matching the same numbers.
The last winner of a Powerball jackpot was on May 31, 2025, making this the 38th drawing since. The winning numbers from Wednesday’s drawing were 9, 12, 22, 41, 61, with the Powerball number being 25 and a Power Play multiplier of 4. Those fortunate enough to win can either choose the full jackpot option, which is paid over 30 years, or a smaller lump sum payout. For Saturday’s drawing, the lump sum cash prize option will be $428.9 million.
Winners should be aware that federal and state taxes will be deducted from their winnings. The odds of winning any prize in Powerball are about 1 in 24.87, with the odds of matching all five white balls at 1 in 11,688,053. If no one wins during Saturday’s drawing, the jackpot could potentially climb into the top five largest Powerball prizes ever recorded.
FAQs
When is the next Powerball drawing?
The next Powerball drawing is scheduled for Saturday, August 30, 2023, at 10:59 p.m. ET.
How much is the current Powerball jackpot?
As of now, the Powerball jackpot is $1 billion.
What are the odds of winning the Powerball jackpot?
The odds of winning the Powerball jackpot are approximately 1 in 293 million.
What time do I have to buy my ticket for the Saturday drawing?
Tickets can be purchased until 9:59 p.m. ET on Saturday.
What are the options for claiming a jackpot?
Winners can choose between the full jackpot amount paid over 30 years or a lump sum cash option, which for the current jackpot is $428.9 million.
Powerball Key Features
| Feature | Details |
|---|---|
| Current Jackpot | $1 billion |
| Next Drawing Date | August 30, 2023 |
| Ticket Purchase Deadline | 9:59 p.m. ET |
| Drawing Time | 10:59 p.m. ET |
| Odds of Winning Jackpot | 1 in 293 million |
| Total Drawings Since Last Winner | 38 |
| Lump Sum Cash Option | $428.9 million |
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