The advertised $633 million Powerball jackpot is paid as an annuity over 30 years through annual installments. Winners may instead choose a one-time cash option, currently estimated at $277.3 million before federal taxes and any applicable state taxes. Despite the enormous prize, the odds of winning the jackpot remain about 1 in 292.2 million, according to Powerball.

The Powerball jackpot has reached an estimated $633 million for the upcoming drawing. Players have a chance to win this large prize after no one matched all numbers. The grand…

This is only the second lottery prize of 2026 to breach the $650 million mark, behind only the ongoing Mega Millions jackpot worth $800 million.