For only the third time ever, the Powerball jackpot has reached $1 billion.

The jackpot for the next drawing on Wednesday, July 19 is estimated to hit the $1 billion mark or, if the winner opts for a cash payout, $516.8 million.

The jackpot ranks as the seventh largest U.S. lottery jackpot and third largest Powerball jackpot, only behind the world record $2.04 billion Powerball jackpot won last year, and the $1.586 billion Powerball jackpot won in 2016.

The Powerball jackpot rolled Monday night after no ticket matched all six numbers drawn – white balls 5, 8, 9, 17, 41 and red Powerball 21. The Power Play multiplier was 4X.

The Powerball jackpot was last hit in the April 19, 2023 drawing, when a ticket in Ohio matched all five white balls and the red Powerball to win a grand prize worth $252.6 million. Since then, there have been 38 consecutive drawings without a jackpot winner.

Powerball tickets are $2 per play. Tickets are sold in 45 states, but not Alabama. Powerball drawings are broadcast live every Monday, Wednesday and Saturday at 10:59 p.m. EST (9:59 p.m. CST) from the Florida Lottery draw studio in Tallahassee. Powerball drawings are also live-streamed on Powerball.com.

The overall odds of winning a prize are 1 in 24.9. The odds of winning the jackpot are 1 in 292.2 million.

Top 10 Powerball Jackpots

• $2.04 Billion – Nov. 7, 2022 – CA
• $1.586 Billion – Jan. 13, 2016 – CA, FL, TN
• $1 Billion (est.) – July 19, 2023
• $768.4 Million – March 27, 2019 – WI
• $758.7 Million – Aug. 23, 2017 – MA
• $754.6 Million – Feb. 6, 2023 – WA
• $731.1 Million – Jan. 20, 2021 – MD
• $699.8 Million – Oct. 4, 2021 – CA
• $687.8 Million – Oct. 27, 2018 – IA, NY
• $632.6 Million – Jan. 5, 2022 – CA, WI