Powerball climbs to $605 million for Monday night drawing
Monday night’s Powerball jackpot has risen to $605 million, the largest prize of 2025 so far, after no ticket matched all six numbers since the end of May. If a winner chooses the cash option, they would receive $273.4 million upfront; otherwise, the prize would be paid as a 30-year annuity, ultimately placing it among the top 20 biggest Powerball jackpots of all time.
The odds of hitting the grand prize remain steep, at about 1 in 292 million. However, players can still win smaller prizes ranging from $4 up to $10 million with better odds.
Broader lottery context shows why such jackpots capture attention. Total American lottery sales surpassed $100 billion in fiscal year 2023 before dipping slightly last year. The record sales were largely driven by a then-record $2.1 billion Powerball jackpot in 2022, won by a Californian. A YouGov poll taken after that historic win found that just under a quarter of Americans regularly buy Powerball tickets.
Meanwhile, Mega Millions—the other major multistate lottery—raised its price from $2 to $5 in April, while Powerball’s price has remained at $2 for most of the country since 2012. Powerball tickets are available in 45 states and the District of Columbia.
The next drawing is scheduled for Monday at 11 p.m. ET. If you dream of a life-changing payout, remember that winnings are subject to federal and likely state taxes, and choosing the lump-sum cash option versus the annuity has significant financial implications.
What this means: Big jackpots tend to boost ticket sales and public interest, with many hopeful players drawn to the chance—however slim—that one ticket could unlock financial security or fund personal goals. Even if the odds of winning are long, the excitement surrounding such prizes often resonates beyond individual players, supporting state lottery programs and public initiatives funded by lottery revenues.