Powerball jackpot goes past $700-million mark for August 1 drawing - Here's what Saturday night's winner could take home

The Powerball jackpot has climbed to an estimated $707 million for Saturday's drawing. Players can choose between an annuity or a lump sum cash payment. The odds of winning remain extremely low at one in 292.2 million. Several large jackpots have ...

AP
While the jackpot keeps climbing, the odds of hitting the winning combination remain incredibly low.
No ticket matched all six numbers in Wednesday night's Powerball drawing, sending the jackpot soaring once again. The grand prize for the next drawing on Saturday, August 1, is now estimated at $707 million, giving players another opportunity to chase one of the year's biggest lottery prizes. The winner will be able to choose between two payment options. They can receive the full advertised jackpot as an annuity, paid in annual installments over 30 years, or opt for a one-time cash payment estimated at $309.7 million before federal and any applicable state taxes.

While the jackpot keeps climbing, the odds of hitting the winning combination remain incredibly low. The chance of matching all six Powerball numbers is approximately 1 in 292.2 million. Powerball tickets are available in 45 states, along with Washington, DC, Puerto Rico, and the US Virgin Islands.

The game has already produced several life-changing winners in 2026. A ticket purchased in North Carolina claimed a $209.3 million jackpot in January, followed by a $250.8 million winner in Arkansas in March. In April, a lucky ticket sold in Delaware captured a $231 million jackpot. Beyond those top prizes, numerous drawings throughout the year have also created million-dollar winners across the country.


If Saturday's drawing also ends without a jackpot winner, the prize will roll over again and continue to grow. Historically, larger jackpots attract a surge in ticket sales as more players try their luck, hoping to overcome the long odds and become the next Powerball multimillionaire - or, if the jackpot climbs high enough, the next lottery billionaire.

Powerball winning numbers for July 29

The winning numbers for July 29 (Wednesday): 30-36-40-42-57 and the Powerball is: 02. The Powerplay was 2X.
ADVERTISEMENT

When is the next Powerball drawing?

The next drawing will take place August 1, 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

ADVERTISEMENT
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.

ADVERTISEMENT
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.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › US › US News › Powerball jackpot goes past $700-million mark for August 1 drawing - Here's what Saturday night's winner could take home
Text Size:AAA
Success
This article has been saved

*

+