Powerball Jackpot Soars to $850 Million Ahead of Tonight’s Drawing

Today, Wednesday, August 27, 2025, lottery officials announced that the Powerball jackpot has climbed to an estimated $850 million with a cash value of $383.7 million, setting the stage for one of the largest drawings in the game’s history. The drawing is scheduled for 10:59 p.m. ET this evening, with live coverage from the Florida Lottery draw studio in Tallahassee and streaming on Powerball.com.

A surge in ticket sales over the past week-driven by excitement over the growing jackpot-prompted game leaders to raise the advertised annuity prize to its sixth-largest level ever. Players will choose between the annuitized payout of $850 million, paid as one immediate and 29 increasing annual installments, or the lump-sum cash option of $383.7 million.

Tonight’s drawing marks the 38th consecutive roll-over since the last jackpot win on May 31, 2025. As anticipation builds, lottery officials remind players that tickets can be purchased for $2 per play across 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands, with proceeds supporting community programs nationwide.

Successful numbers will be drawn at 10:59 p.m. ET, with results posted immediately afterward on Powerball.com and participating state lottery websites. Players are encouraged to check tickets promptly and consult official channels for prize-claim information.