Powerball Jackpot Update
Powerball Drawing Tonight: $20 Million Jackpot Up for Grabs on Saturday, August 15, 2026
The Powerball jackpot for Saturday, Aug. 15, 2026, stands at an estimated $20 million, according to Democrat and Chronicle. Players who prefer cash can take home $8.7 million instead of the full prize. The winning numbers will be posted after the drawing, which takes place at 10:59 p.m. Eastern Time.
The last Powerball jackpot was won on Aug. 12, 2026, by a single winner, according to Lohud. That win reset the jackpot, which has since climbed back to $20 million heading into Saturday's draw.
How to Check If You Won Saturday's Drawing
Powerball draws six numbers total — five regular numbers plus one red Powerball number. To win the jackpot, your ticket must match all six. The odds of doing that are 1 in 292.2 million, according to Ithaca Journal. Smaller prizes are available for matching fewer numbers.
Winning numbers for Saturday's drawing will be posted on this page after the 10:59 p.m. draw. Players in New York can buy tickets in stores or online, but sales cut off at 10 p.m. on draw nights, according to Democrat and Chronicle.
Jackpot Reset After Aug. 12 Winner Claimed Prize
A single ticket matched all six numbers in the Aug. 12 drawing, ending that jackpot run, according to Lohud. After a winner is found, Powerball resets the jackpot to its base level. The prize then climbs with each drawing that passes without a winner.
Saturday's $20 million prize reflects just three drawings since that reset — Monday, Wednesday, and Saturday, according to Yahoo. Jackpots can grow much larger if no one wins for weeks or months.
Cash Option Pays Out $8.7 Million Upfront
Winners can choose between two payout options. The annuity pays $20 million spread out over 29 years. The lump-sum cash option pays $8.7 million all at once, according to Ithaca Journal. Most winners pick the cash option, even though it is a smaller amount.
Either way, federal and state taxes will reduce the final take-home amount. The exact amount depends on the winner's state and tax bracket. Financial advisors often recommend consulting a professional before claiming any large lottery prize.
Powerball Draws Three Times Every Week
Powerball holds drawings every Monday, Wednesday, and Saturday at 10:59 p.m. Eastern. That means three chances each week to win, according to Democrat and Chronicle. Tickets cost $2 each. Players can add the Power Play option for an extra $1 to multiply non-jackpot prizes.
New York players must buy their tickets by 10 p.m. on the night of the draw. Tickets purchased after that cutoff are valid for the next scheduled drawing. Powerball is available in 45 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
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