$1.25 Billion Powerball Jackpot: Tips, Odds, and How to Win Big! (2026)

The Powerball jackpot is set to reach a staggering $1.25 billion for Wednesday's drawing, marking the sixth largest prize in the game's history. But here's where it gets controversial: despite 42 consecutive drawings with no winners, the jackpot continues to climb. This is the longest streak of drawings without a jackpot winner in Powerball's history. The last time someone won the jackpot was on September 6, when two tickets in Missouri and Texas split a $1.787 billion prize. The odds of winning the jackpot are 1 in 292.2 million, according to Powerball. If a player wins on Wednesday night, they will have the choice between annual payments worth an estimated $1.25 billion or an immediate $572.1 million lump sum payment. The drawing will be held just before 11 p.m. ET in the Florida Lottery draw studio in Tallahassee. Powerball tickets are $2 per play. But this is the part most people miss: the jackpot has been growing for so long that it has become a cultural phenomenon, with people from all walks of life dreaming of what they would do with such a life-changing sum of money. So, will you be buying a ticket? And this is the part that will spark debate: should the jackpot be capped to prevent it from growing so large? Share your thoughts in the comments below!

$1.25 Billion Powerball Jackpot: Tips, Odds, and How to Win Big! (2026)

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