The Powerball jackpot has climbed to an impressive $740 million for the upcoming December 1, 2025 draw. With no jackpot winner in recent weeks, the prize has continued to grow, attracting huge interest from players across the United States. The rising amount has quickly turned this draw into one of the most anticipated events of the year.
Powerball Current Jackpot Value & Payout Options
The advertised $740 million Powerball jackpot is based on the annuity payment option (paying the winner(s) $740 million over 30 years). Most winners prefer to choose the cash payout option as this gives them an immediate "lump sum" payment prior to winning the jackpot. In addition to the jackpot, there are eight additional prize levels available where players have multiple opportunities to win smaller amounts (between $4 and $50,000) even if they don't win the Powerball jackpot!
Powerball Odds And Prize Structure
The odds of winning the Powerball jackpot are approximately 1 in 292.2 million making it one of the hardest lotteries in the world to win. However, smaller prizes (5 out of 5 matching white balls) are regularly won, which helps to encourage people to play. In addition to winning the jackpot by matching all 5 white balls, players can also win additional prizes ranging from $4 to $50,000.
Powerball Prize Breakdown
Powerball has nine prizes tiers, which reward players based on how many numbers they match. The prizes are as follows:
- Jackpot: Match all five white balls plus the Powerball ($740 million annuity)
- $1 million: Match all five white balls (the second highest prize)
- $50,000: Match four white balls plus the Powerball
- $100: Match four white balls
- $100: Match three white balls plus the Powerball
- $7: Match three white balls
- $7: Match two white balls plus the Powerball
- $4: Match one white ball plus the Powerball
- $4: Match only the Powerball
The Power Play option also adds a multiplier of 2x, 3x, 4x, 5x, and on some occasions, 10x to non-jackpot prizes depending on the draw. With the Power Play option you can increase your lower level winnings without impacting your jackpot win.
When Powerball Draw Happens
The Powerball draw happens three times a week on Monday, Wednesday, and Saturday. Each draw is held in the evening at 10:59 PM Eastern Time (ET). Players can check the official Powerball website before the draw for any updates or changes to the schedule. Following these set days ensures that participants know exactly when to watch for the winning numbers.
Where to Watch the Powerball Draw
The Powerball draw is streamed live on the official Powerball website and select television stations across participating regions. Results are also available shortly after the draw through verified lottery retailers and the official Powerball mobile app. This allows players to quickly check if they have won from any location.
Powerball Old Jackpots
The Powerball Jackpot has seen many high amounts over the years.You can explore details of previous Powerball jackpots and winners in related articles below.
ALSO READ : Powerball Prediction for 1 December 2025, Monday
