The Powerball jackpot has climbed to an estimated $131 million for Monday night’s drawing after Saturday’s drawing ended without a ticket matching all six winning numbers. The advertised jackpot represents the annuity option, which is paid to the winner in installments over 30 years. Players who prefer a lump-sum payout can instead choose the estimated $56.8 million cash option. Both amounts are subject to taxes, with federal taxes applying to Powerball winnings and additional state or local taxes potentially depending on where the winning ticket was purchased.Winning the Powerball jackpot remains extremely difficult. Players must match five white balls and the red Powerball, with jackpot odds of about 1 in 292.2 million. Despite those long odds, 2026 has already produced several massive jackpots. The year's biggest Powerball prize was claimed on August 12, when a ticket sold in Illinois matched all six numbers and won an estimated $1.04 billion. The jackpot had rolled over for 44 consecutive drawings before the Illinois ticket ended the streak. The prize ranks as the eighth-largest jackpot in Powerball history. The winner can select the full $1.04 billion annuity, paid over three decades, or an estimated $450.5 million cash option, with taxes applying to either choice.Other major Powerball jackpots have also been won this year. A North Carolina ticket claimed $209.3 million in January, while an Arkansas ticket won $250.8 million in March. In April, a Delaware ticket secured an estimated $231 million jackpot.Powerball jackpots can increase quickly when multiple drawings pass without a jackpot winner. The game's record remains $2.04 billion, won in 2022. The next two largest jackpots reached $1.817 billion and $1.787 billion, both in 2025.The jackpot is only one way to win. A ticket matching all five white balls can win $1 million, before taxes and subject to applicable Power Play rules. Powerball tickets are sold in 45 states, Washington, DC, Puerto Rico and the US Virgin Islands, making it one of the most widely played lottery games in the country.Powerball winning numbers for August 29The winning numbers for August 29 (Saturday): 18-56-62-65-67 and the Powerball is: 18. The Powerplay was 2X.When is the next Powerball drawing?The next drawing will take place on August 31, Monday. Drawings are held three times per week at approximately 10:59 PM ET every Monday, Wednesday, and Saturday.What is the Powerball payout?Match 5 White Balls + Powerball: JackpotMatch 5 White Balls: $1 millionMatch 4 White Balls + Powerball: $50,000Match 4 White Balls: $100Match 3 White Balls + Powerball: $100Match 3 White Balls: $7Match 2 White Balls + Powerball: $7Match 1 White Ball + Powerball: $4Match Powerball: $4Match 5 White Balls with Power Play: $2 millionMatch 4 White Balls + Powerball with Power Play: $200,000Match 4 White Balls with Power Play: $400Match 3 White Balls + Powerball with Power Play: $400Match 3 White Balls with Power Play: $28Match 2 White Balls + Powerball with Power Play: $28Match 1 White Ball + Powerball with Power Play: $16Match Powerball with Power Play: $16Deadline to buy Powerball ticketsThe Powerball ticket purchase deadline varies by state, so one shouldn’t wait until the last minute. In New Jersey, sales close at 9:59PM on the day of the drawing, while in New York, the cutoff is 10PM.How to play Powerball?Powerball tickets cost $2 each, with an optional Power Play for an additional $1, which can multiply non-jackpot prizes by up to 5x (except for the jackpot and Match 5), and up to 10x if the jackpot is under $150 million.Each player chooses five numbers from 1 to 69 for the white balls and one number from 1 to 26 for the red Powerball. A quick pick option is also available by the lottery machine which randomly generates numbers.Prizes range from $4 for matching only the Powerball to $1 million for matching all five white balls (except in California), and the jackpot for matching all six numbers.How many states have Powerball?Powerball is available in 45 states, along with Washington, DC, Puerto Rico, and the US Virgin Islands, making it one of the most widely played lottery games in the United States.How to buy Powerball tickets?Powerball tickets can be bought in person at gas stations, convenience stores, grocery stores, and some airport terminals.Alternatively, tickets can be purchased online through the Jackpocket app in select states: Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Texas, Washington DC, and West Virginia.The Jackpocket app lets players choose their game and numbers, place orders, view tickets, and collect winnings directly from their phone or home computer, providing a convenient digital alternative to in-person purchases.