Powerball Jackpot Soars Past $1.3 Billion: Drawing Time, Winning Numbers & How to Watch Live

The Powerball jackpot has surged past the half-billion-dollar mark once again, giving lottery fans across the country a shot at an estimated $501 million for the drawing on Monday, August 11, 2025. Players who opt for the lump-sum payout would take home roughly $229.5 million before taxes. No grand-prize tickets matched all six numbers in Saturday night’s drawing, which produced the winning combination 7 - 14 - 23 - 24 - 60 and red Powerball 14 with a 2X Power Play. Because the jackpot rolled over, Monday’s prize vaults into the top 20 Powerball jackpots ever offered. How to play • Tickets cost $2 in most jurisdictions. • Choose five numbers from 1–69 and one Powerball from 1–26, or let the terminal pick with Quick Pick. • Add Power Play for an extra $1 to multiply non-jackpot prizes up to 10X when advertised. Cut-off times vary by state, generally one to two hours before the 10:59 p.m. ET drawing. Sales restrictions lift shortly after the drawing, allowing players to purchase tickets for the next game. Odds and payout tiers The odds of landing the grand prize are 1 in 292.2 million, but the game offers eight additional ways to win cash, starting at $4 for matching just the red Powerball. Matching five white balls earns a $1 million prize that doubles to $2 million with Power Play. Recent jackpot history Four jackpots have already been hit this year, most recently a $204.5 million win in California on May 31. The biggest Powerball prize ever—$2.04 billion—was claimed in November 2022. A surge of ticket sales leading up to Monday could push the current pot even higher. Where to watch The live drawing streams on Powerball.com, the official YouTube channel, and airs on participating local TV stations. Results post within minutes on the game’s website and app. Tax considerations Federal taxes of 24 % are withheld from large lottery prizes, and winners may owe additional federal and state taxes when filing returns. Residents of states without income tax—such as Florida and Texas—avoid the state levy, while others can face rates topping 10 %. Claim deadlines Winners generally have 90 days to a year to claim, depending on the jurisdiction. Safeguard the ticket; it is a bearer instrument, and lost or damaged tickets can void the prize. Responsible play Experts urge players to set a strict budget. While dreaming about nine-figure payouts is exciting, the lottery should remain entertainment, not a financial plan. If playing ceases to be fun, free help is available through the National Council on Problem Gambling. Bottom line With $501 million on the line and no jackpot winner since late May, Monday night’s Powerball drawing is shaping up to be one of the summer’s biggest national events. Check those numbers, stash your ticket in a safe place, and tune in at 10:59 p.m. ET—you could wake up Tuesday a multimillionaire.