Winners can choose between receiving $501 million in annualized installments, or a lump sum of $229.5 million.

As of Thursday, the Powerball jackpot sits at an estimated $482 million with a cash value of $218.9 million. Without a massive growth spurt before the next drawing, the current jackpot ranks as the second-largest of 2025. In March, a $515 million prize was won by a ticket sold in California.