Powerball estimated jackpot at $1.25 billion after no one won grand prize of roughly $1.14 billion

Updated on: December 16, 2025 / 7:18 AM EST / CBS News

Powerball estimated jackpot at $1.25 billion after no one won grand prize of roughly $1.14 billion

TL;DR

  • Powerball jackpot estimated at $1.25 billion after no winners on Monday night.
  • This is the sixth-largest Powerball jackpot and the second back-to-back billion-dollar jackpot.
  • Wednesday's drawing is the 44th since the last jackpot win.
  • Winning the jackpot requires matching five white balls and the Powerball.
  • The prize can be taken as an annuity ($1.25 billion) or a lump sum ($572.1 million) before taxes.
  • Tickets cost $2 and are sold in 45 states, D.C., Puerto Rico, and the U.S. Virgin Islands.
  • The odds of winning the jackpot are 1 in 292.2 million.
  • Lottery jackpots have significantly increased in size over the past decade.
  • The largest Powerball jackpot was $2.04 billion in November 2022.
  • Mega Millions' record prize was $1.602 billion in August 2023.