Powerball jackpot soars to estimated $856 million for Saturday drawing
“Entering the top 10 largest Powerball jackpots is when we historically see a lot of players join in the game,” noted Stephen Durrell, Powerball Product Group Chair and Kansas Lottery Executive Director. “As the jackpot continues to soar, Powerball players across the country and even across the pond are watching closely to see how this historic jackpot run unfolds.”
FOR IMMEDIATE RELEASE
Powerball jackpot soars to estimated $856 million for Saturday drawing
Eighth-largest jackpot in Powerball history
JOHNSTON, Iowa (August 7, 2026) – The Powerball® jackpot has continued its ascent this summer, reaching an estimated $856 million for the next drawing tomorrow night. The jackpot has an estimated cash value of $370.7 million.
The growing prize now ranks as the eighth-largest jackpot in Powerball history.
“Entering the top 10 largest Powerball jackpots is when we historically see a lot of players join in the game,” noted Stephen Durrell, Powerball Product Group Chair and Kansas Lottery Executive Director. “As the jackpot continues to soar, Powerball players across the country and even across the pond are watching closely to see how this historic jackpot run unfolds.”
The Powerball jackpot has been building for months. The grand prize was last won on May 2, when two tickets in Florida and Texas split a $20 million jackpot. Since then, there have been 41 consecutive drawings without a jackpot winner, making Saturday night’s drawing the 42nd draw in the current jackpot run.
This is also the first Powerball jackpot that players in the United Kingdom can play for alongside players in the United States since The UK National Lottery launched ticket sales on July 21, 2026. With UK players now participating, the expanded player base is expected to help the jackpot grow more quickly. Read more about the historic launch here.
The current jackpot run has already produced 36 Match 5 winners, including an Ohio Lottery player who scored a $1 million prize in last Wednesday’s drawing.
If a player from a participating U.S. lottery wins the jackpot, they may choose to receive the prize as an annuity, paid in 30 graduated payments over 29 years, or as a lump-sum payment. Both prize options are before taxes.
Powerball tickets cost $2 per play and are sold in 45 U.S. states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands and the United Kingdom.
More than half of every $2 Powerball ticket purchase remains in the jurisdiction where it is sold, helping fund public programs and services that benefit local communities. Since 1992, Powerball has generated an estimated $38 billion for good causes, including education and scholarships, veteran services, parks and recreation, and more.
Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. ET from the Powerball draw studio in Florida and streamed live on Powerball.com.
The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.
Top Ten Powerball® Jackpots
- $2.04 Billion – Nov. 7, 2022 – CA
- $1.817 Billion – Dec. 24, 2025 - AR
- $1.787 Billion – Sept. 6, 2025 – MO, TX
- $1.765 Billion – Oct. 11, 2023 - CA
- $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
- $1.326 Billion – April 6, 2024 – OR
- $1.08 Billion – July 19, 2023 – CA
- $856 Million (est.) – Aug. 8, 2026
- $842.4 Million – Jan. 1, 2024 – MI
- $768.4 Million – March 27, 2019 – WI
2026 Powerball Jackpot Winners
Jan. 21, 2026 - $209.3 Million – North Carolina
March 2, 2026 - $250.8 Million – Arkansas
April 6, 2026 - $230.8 Million – Delaware
April 29, 2026 - $143 Million – Indiana, Kansas
May 2, 2026 - $20 Million – Florida, Texas
Media Contact:
Anna Domoto
Multi-State Lottery Association
+1-515-453-1401