Powerball jackpot: $567 million
The Powerball jackpot is $567 million (cash value $251.8 million) for the next drawing on Wed, Jul 22 at 10:59 PM ET.
Why the Powerball jackpot is this big
Nobody has matched all six numbers since May 2, 2026, when $20 million was won in Florida and Texas (split between two tickets). Each drawing since has added to the prize, which is why it now stands at $567 million.
A longer roll means a bigger prize — not a better chance
This is the part worth being precise about, because it is the most common misunderstanding in the lottery. A long run without a winner tells you the prize has grown. It tells you nothing whatsoever about tonight. The odds are 1 in 292,201,338, and they were exactly that on the day the last jackpot was won, and they will be exactly that on the day the next one is. They do not drift, warm up, or come due.
Powerball is the clearest example. It was won on April 29, 2026, reset to its $20 million minimum, and was then won again three days later, on May 2, 2026 — at that minimum. A jackpot cannot be less "overdue" than one that has just been won, and it was hit anyway. Draws have no memory of each other.
The one thing a big jackpot genuinely changes: more tickets get sold, so the chance that somebody wins goes up — and so does the chance that a winner has to share it.
Estimated take-home after tax by state
| State | State rate | After 24% withholding | After all taxes |
|---|---|---|---|
| California | 0.0% | $191.4 million | $158.6 million |
| Texas | 0.0% | $191.4 million | $158.6 million |
| Florida | 0.0% | $191.4 million | $158.6 million |
| New York | 10.9% | $163.9 million | $131.2 million |
| Pennsylvania | 3.1% | $183.6 million | $150.9 million |
| Illinois | 5.0% | $178.9 million | $146.2 million |
| Ohio | 2.8% | $184.4 million | $151.7 million |
| Georgia | 5.2% | $178.3 million | $145.6 million |
| North Carolina | 4.0% | $181.3 million | $148.6 million |
| Michigan | 4.3% | $180.7 million | $147.9 million |
The odds
The odds of winning the Powerball jackpot are 1 in 292,201,338. Every combination is equally likely; these odds are fixed and no method changes them.
When the Powerball jackpot was last won
| Drawing | Jackpot | Cash value | Won in |
|---|---|---|---|
| May 2, 2026 | $20 million | $9 million | FL, TX |
| April 29, 2026 | $143.4 million | $65.2 million | IN, KS |
| April 6, 2026 | $230.8 million | $104.9 million | DE |
| March 2, 2026 | $250.8 million | $118 million | AR |
| January 21, 2026 | $209.3 million | $95.3 million | NC |
| December 24, 2025 | $1.8 billion | $834.9 million | AR |
| September 6, 2025 | $1.8 billion | $820.6 million | MO, TX |
| May 31, 2025 | $204.5 million | $91.6 million | CA |
How much is the Powerball jackpot?
The Powerball jackpot is $567 million (cash value $251.8 million) for the next drawing on Wed, Jul 22.
When is the next Powerball drawing?
The next Powerball drawing is Wed, Jul 22 at 10:59 PM ET.
What is the cash value?
The estimated cash value is $251.8 million, paid as a single lump sum instead of the $567 million annuity.
When was the Powerball jackpot last won?
The Powerball jackpot was last won on May 2, 2026, when $20 million was won in Florida and Texas. 34 drawings have passed since.
Is the Powerball jackpot due to be won?
No. A lottery jackpot is never "due". Each drawing is independent of every drawing before it, so a long run without a winner does not make a win more likely tonight — it only makes the prize bigger. The odds are 1 in 292,201,338 at every single drawing, and they never change. Powerball demonstrated this in 2026: the jackpot was won on April 29, reset to its $20 million minimum, and was won again three days later on May 2.