Indianapolis, December 24, 2025
The Powerball jackpot has soared to an estimated $1.7 billion, the fourth-largest in U.S. history, following 46 consecutive drawings without a winner. Players can choose between a lump-sum cash payment or an annuity option. With the next drawing on Christmas Eve, interest in the lottery is at an all-time high as hopefuls aim for life-changing wins.
Powerball Jackpot Hits $1.7 Billion Ahead of Christmas
This Remarkable Surge Marks One of the Largest in History
INDIANAPOLIS, IN — The Powerball jackpot has surged to an estimated $1.7 billion, marking the fourth-largest lottery prize in U.S. history. This remarkable increase follows 46 consecutive drawings without a jackpot winner, with the most recent drawing on December 22, 2025, where no ticket matched all six numbers. The next drawing is scheduled for Christmas Eve, December 24, 2025.
Prize Options and Odds
Players have the choice between a lump-sum cash payment of approximately $781.3 million or an annuity option of $1.7 billion, which is paid out over 30 years with annual increases of 5%. The odds of winning the Powerball jackpot stand at a daunting 1 in 292.2 million, an intentionally set figure designed to cultivate larger jackpots and maintain public interest. However, players are encouraged by the prospect of winning smaller prizes, which come with better odds.
Game Details and Participation
Powerball tickets priced at $2 per play are readily accessible in 45 states, alongside Washington D.C., Puerto Rico, and the U.S. Virgin Islands. The Multi-State Lottery Association, a nonprofit organization made up of various state lotteries, manages the game. Importantly, revenue generated from Powerball ticket sales is directed toward supporting public education and other state-funded services. The current jackpot, while impressive, is still shy of the record $2.04 billion won in California in 2022.
Historical Context
This current jackpot is the fourth largest in Powerball history, following significant prizes of $2.04 billion (California, 2022), $1.787 billion (split between Missouri and Texas, September 2025), and $1.765 billion (California, October 2023). For those considering the annuity option, the total is structured to include an immediate first payment followed by 29 annual payments, which increase by 5% each year, ensuring a steady income for winners. Powerball drawings occur live every Monday, Wednesday, and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee, Florida, and are also available for live streaming on Powerball.com.
Frequently Asked Questions (FAQ)
What is the current Powerball jackpot amount?
The Powerball jackpot has reached an estimated $1.7 billion, marking the fourth-largest lottery prize in U.S. history. This substantial increase follows 46 consecutive drawings without a jackpot winner, with the most recent drawing on December 22, 2025, where no ticket matched all six numbers. The next drawing is scheduled for Christmas Eve, December 24, 2025.
What are the prize options for the Powerball jackpot?
Winners have the option to choose between a lump-sum cash payment of approximately $781.3 million or an annuity option of $1.7 billion, paid over 30 years with annual increases of 5%. The odds of winning the Powerball jackpot are 1 in 292.2 million, a figure intentionally set to generate larger jackpots and heightened public interest. Despite the slim chances of winning the grand prize, players can still win smaller prizes with better odds.
Where can I purchase Powerball tickets?
Powerball tickets are priced at $2 per play and are available in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands. The game is managed by the Multi-State Lottery Association, a nonprofit entity comprising state lotteries. Revenue from Powerball sales supports public education and other state-funded services. The record for the largest U.S. jackpot remains $2.04 billion, won in California in 2022.
What are the odds of winning the Powerball jackpot?
The odds of winning the Powerball jackpot are 1 in 292.2 million, a figure intentionally set to generate larger jackpots and heightened public interest. Despite the slim chances of winning the grand prize, players can still win smaller prizes with better odds.
When are Powerball drawings held?
Powerball drawings are broadcast live every Monday, Wednesday, and Saturday at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee, Florida. Powerball drawings are also live-streamed on Powerball.com.
Key Features of the Powerball Jackpot
| Feature | Details |
|---|---|
| Current Jackpot Amount | $1.7 billion |
| Prize Options | Lump-sum cash payment of approximately $781.3 million or annuity option of $1.7 billion paid over 30 years with annual increases of 5% |
| Odds of Winning Jackpot | 1 in 292.2 million |
| Ticket Price | $2 per play |
| Available Locations | 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands |
| Next Drawing Date | December 24, 2025 |
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Author: STAFF HERE INDIANAPOLIS WRITER
The INDIANAPOLIS STAFF WRITER represents the experienced team at HEREIndianapolis.com, your go-to source for actionable local news and information in Indianapolis, Marion County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Indianapolis 500, Indy Jazz Fest, and the Indiana State Fair. Our coverage extends to key organizations like the Indy Chamber and Visit Indy, plus leading businesses in motorsports and healthcare that power the local economy such as Indianapolis Motor Speedway and IU Health. As part of the broader HERE network, we provide comprehensive, credible insights into Indiana's dynamic landscape.
