Powerball jackpot nears $350 million for June 27 drawing – What the winner could actually take home on Saturday night

Powerball players across the United States are once again watching the jackpot grow after no winning ticket matched all six numbers in Wednesday night’s drawing. The grand prize for the June 27 drawing has now increased to an estimated $348 million, creating renewed excitement among hopeful participants. Whoever wins the next drawing will have two payout choices. Winners can choose the annuity option, which distributes the full estimated jackpot through annual payments over a period of 30 years. The other option is an immediate cash payment, currently estimated at about $157.5 million before federal and state taxes are applied.

Although the possibility of winning remains very slim, Powerball continues to draw large numbers of players. The odds of securing the jackpot are approximately 1 in 292.2 million. Tickets are sold across most states in the US, along with Washington, DC, Puerto Rico, and the US Virgin Islands.

Lottery excitement has remained strong throughout 2026 following several major wins earlier in the year. A North Carolina player won $209.3 million in January, while an Arkansas ticket holder secured a $250.8 million jackpot in March. Another major win followed in April when a ticket sold in Delaware landed a prize worth $231 million.
Several other large payouts and shared prizes during recent months have also helped maintain public interest.

As the jackpot continues rolling over without a grand prize winner, the total amount could keep growing in upcoming drawings. Bigger jackpots often lead to greater attention and increased ticket sales as players dream about turning a small investment into a potentially life-changing amount of money.

Powerball winning numbers for June 24
The winning numbers for June 24 (Wednesday): 13-14-16-21-38 and the Powerball is: 14. The Powerplay was 2X.When is the next Powerball drawing?

The next drawing will take place June 27, Saturday. 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.