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Powerball Jackpot Raised to $1 Billion for Labor Day Weekend Drawing

Officials lifted the estimate after a sales review, with a cash option projected at $453.1 million before taxes.

Overview

  • The drawing is scheduled for Saturday at 10:59 p.m. ET in Tallahassee and will stream on Powerball's website.
  • The jackpot run has reached 39 drawings since May 31, generating 62 $1 million winners and 608 prizes of $50,000 or more.
  • Winners may opt for a 30-year annuity with payments that rise 5% annually or take the lump-sum cash payment.
  • This is the sixth Powerball jackpot to reach $1 billion, with the record standing at $2.04 billion set in November 2022.
  • Tickets cost $2 in 45 states plus D.C., Puerto Rico and the U.S. Virgin Islands, and the odds of winning the jackpot are 1 in 292.2 million.