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Powerball jackpot grows to $707M for Saturday's drawing
PERSONAL FINANCE Powerball jackpot grows to $707M for Saturday's drawing Watch Powerball drawings streamed on ABC 7 New York on Monday, Wednesday, and Saturday at 10:59 p.m.
The jackpot has now increased to $707 million for Saturday night. That has a cash value of $309.7 million.
Wednesday's drawing was on the heels of one lucky ticket holder in Florida winning the $800 million Mega Millions drawing on Tuesday night.
It was the 10th largest Mega Millions jackpot in the game's history.
As for Powerball, the largest payout was just over $2 billion (about 1.5 billion pounds) from a ticket bought in 2022 in California. EuroMillions, a lottery offered across nine European countries and also operated in the U.K. by Allwyn, awarded the maximum 250 million euros (about $285 million) to players from France, Ireland and Austria over the course of 2025.
The odds of winning a Powerball jackpot are a minuscule 1 in 292.2 million. Those odds will be the same for U.S. and U.K. players, lottery officials say.
U.S. lottery officials say the expanded player base will allow Powerball jackpots to grow more quickly, likely increasing sales as more people are drawn to larger grand prizes.
Tickets purchased in the U.K. will only go toward the Powerball jackpot - not lower-tier prizes. Players in the U.K. will have a different lower-tier prize structure.
The estimated jackpot amounts in each country will differ due to currency conversion rates and because the U.S. advertises prize amounts pretax, unlike in the U.K.
U.K. Powerball jackpots will also be paid over 30 years, whereas in the U.S. jackpot winners have a choice between taking their winnings spread over years through an annuity or in cash - nearly all winners opt for cash.
Powerball is played in 45 U.S. states, and Washington, D.C., Puerto Rico and the U.S. Virgin Islands.
In the game, players choose five white-ball numbers from 1 to 69 and one red Powerball number from 1 to 26. Drawings will continue to be held Mondays, Wednesdays and Saturdays.
1. $2.040 billion, Powerball, Nov. 7, 2022 (one ticket: California) 2. $1.787 billion. Powerball. Sept. 6, 2025 (two tickets: Missouri and Texas) 2. $1.765 billion, Powerball, Oct. 11, 2023 (one ticket: California) 3. $1.602 billion, Mega Millions, Aug. 8, 2023 (one ticket: Florida) 4. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets: California, Florida and Tennessee) 5. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket: South Carolina) 6. $1.348 billion, Mega Millions, Jan. 13, 2023 (one ticket: Maine) 7. $1.337 billion, Mega Millions, July 29, 2022 (one ticket: Illinois) 8. $1.269 billion, Mega Millions, Dec. 27, 2024 (one ticket: California) 9.$1.128 billion Mega Millions, March 26, 2024 (one ticket, from New Jersey) 10. $1.08 billion, Powerball, July, 19, 2023 (one ticket: California)
You can watch the New York state lottery drawings live daily at 2:30 p.m. and 10:30 p.m. and Wednesdays and Saturdays at 8:15 p.m. on ABC 7 New York.
Powerball drawings are also streamed here on Monday, Wednesday, and Saturday at 10:59 p.m.
Mega Millions drawings are streamed on Tuesday and Friday at 11:00 p.m.
The New York Lottery continues to be North America's largest and most profitable Lottery, contributing $3.7 billion in Lottery Aid to Education for FY2022-2023 to help support education in New York State.
New York Lottery revenue is distributed to local school districts by the same statutory formula used to distribute other state aid to education. It takes into account both a school district's size and its income level; larger, lower-income school districts receive proportionately larger shares of Lottery school funding.
For more information about the New York lottery and to see lottery results, please visit nylottery.ny.gov. .
New Yorkers struggling with a gambling addiction, or who know someone who is, can find help by calling the State's toll-free, confidential HOPEline at 1-877-8-HOPENY (1-877-846-7369) or by texting HOPENY (467369). Standard text rates may apply.
(The Associated Press contributed to this report.)
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