When is the next Powerball drawing? Jackpot size, date, time of drawing explained.

When is the next Powerball drawing? Jackpot size, date, time of drawing explained — When no one matched all six Powerball numbers in Monday’s drawing, the potential Powerball jackpot surpassed $600 million, one of its heftiest sums in history.

Before the drawing on Oct. 24, the jackpot had increased to a value of $625 million, making it the 8th largest jackpot in history.

According to Powerball’s live calculator, the jackpot now sits at $700 million, which amounts to a $335.7 million cash payout. Here’s everything you need to know about the next Powerball drawing and how to play:

When is the next Powerball drawing?

The next Powerball drawing is Wednesday, Oct. 26. Powerball drawings are broadcast live every Monday, Wednesday, and Saturday.

The Powerball drawing is broadcast live at 10:59 pm ET from the Florida Lottery draw studio in Tallahassee.

What were the Powerball numbers for 10/24/22?

The winning numbers for the Powerball drawing that took place Monday, Oct. 24, were 18, 23, 35, 45, 54, and the Powerball was 16.

The Power Play was 4X.

Winning the lottery: Should you take the annual payments or lump sum?

How late can you buy Powerball tickets?

The final sale time varies state to state — you can check the cutoff for your jurisdiction by filling in your current location here.

How many numbers in Powerball do you need to win?

You only technically need one matching number, if it’s the right number to win at least some prize money. When playing the Powerball, you select five white ball numbers, and one ‘Powerball’ number which is meant to match the red ball.

For one extra dollar, you can opt into ‘Powerplay’ which multiplies all non-grand prize winnings by a factor of 2, 3, 4, 5, or 10.

Here is a guide to winnings:

1 matching number that is the Powerball number: $4
1 matching number + the Powerball number: $4
2 matching numbers + the Powerball number: $7
3 matching numbers: $7
3 matching numbers + the Powerball number: $100
4 matching numbers: $100
4 matching numbers + the Powerball numbers: $50,000
5 matching numbers: $1 million
5 matching numbers + the Powerball number: Grand prize

These winnings can be multiplied by the ‘Powerplay’ number which is randomly chosen before each drawing.

How much is the payout for Powerball?

Currently the jackpot sits at $700 million. That amount is not paid in a lump sum to the winner, however.

If the winner wants a lump sum of cash, their payout is actually $335.7 Million. If the winner opts into annuity however their jackpot is paid out in 30 graduated payments over the next 29 years. The payments have an annual increase of 5%. (*)

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