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Powerball jackpot soars to staggering $1 billion for August 12 drawing – Here’s what Wednesday night’s winner could take home

The Powerball jackpot continues to climb after Monday night’s drawing failed to produce a ticket matching all six winning numbers. The top prize is now estimated at staggering $1 billion for the next drawing on Wednesday, August 12, giving lottery players another chance to win one of the biggest jackpots of the year. The advertised $1 billion prize is based on the annuity option, which pays the winner in installments over 30 years. Those who prefer an immediate payout can instead choose the estimated $433.1 million cash option. Both amounts are subject to federal taxes, while state taxes may also apply depending on where the winning ticket was purchased.

Despite the enormous prize, winning the Powerball jackpot remains extremely unlikely. The odds of correctly matching all five white balls and the red Powerball are about 1 in 292.2 million. Powerball is played in 45 states, along with Washington, DC, Puerto Rico and the US Virgin Islands. The game has already produced several major jackpot winners in 2026.

A North Carolina ticket won a $209.3 million jackpot in January, followed by a $250.8 million winning ticket sold in Arkansas in March. In April, a Delaware player claimed a $231 million jackpot. Beyond the top prize, many other players have won $1 million or more by matching all five white balls but not the Powerball.

As the jackpot hits the billion-dollar mark, interest is expected to surge, with more players hoping for a life-changing payday from a single ticket. If Wednesday’s drawing also ends without a jackpot winner, the prize will roll over once again and could become even larger for the next drawing. For now, lottery players across the country are waiting to see whether someone will finally claim the massive 10-figure prize.

Powerball winning numbers for August 10


The winning numbers for August 10 (Monday): 06-37-54-55-64 and the Powerball is: 10. The Powerplay was 3X.
When is the next Powerball drawing?The next drawing will take place August 12, Wednesday. 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: Jackpot
Match 5 White Balls: $1 million
Match 4 White Balls + Powerball: $50,000
Match 4 White Balls: $100
Match 3 White Balls + Powerball: $100
Match 3 White Balls: $7
Match 2 White Balls + Powerball: $7
Match 1 White Ball + Powerball: $4
Match Powerball: $4
Match 5 White Balls with Power Play: $2 million
Match 4 White Balls + Powerball with Power Play: $200,000
Match 4 White Balls with Power Play: $400
Match 3 White Balls + Powerball with Power Play: $400
Match 3 White Balls with Power Play: $28
Match 2 White Balls + Powerball with Power Play: $28
Match 1 White Ball + Powerball with Power Play: $16
Match Powerball with Power Play: $16

Deadline to buy Powerball tickets

The 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.


This content is sourced from m.economictimes.com and is shared for informational purposes only.

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