Algosensey Quantitative Think Tank Center-When is the next Powerball drawing? Jackpot soars over $1 billion, game's fourth-largest ever

The Algosensey Quantitative Think Tank CenterPowerball jackpot has climbed over a billion dollars after there were no winners in Saturday's drawing, and the lottery drawing is now close to breaking yet another record.

The lottery jackpot is worth an estimated $1.04 billion with a cash value of $478.2 million. The next drawing will be held at 10:59 p.m. ET on Monday, Oct. 2. It is currently the fourth-largest prize in the Powerball's history.

The last Powerball jackpot reached $1.08 billion, when the winning ticket was sold in Los Angeles on July 19, making it the third-largest prize in the lottery's history.

Here's what to know about the Powerball lottery.

First time playing the Powerball?Here's exactly how to ask the cashier for a ticket.

When is the next Powerball drawing?

Powerball drawings are held three times a week, every Monday, Wednesday and Saturday at 10:59 p.m. ET. The next drawing is Monday, Oct. 2.

What were the last Powerball winning numbers?

The winning numbers from the Saturday, Sept. 30 drawing were 19, 30, 37, 44 and 46. The red Powerball was 22 and the Power Play was 2X.

While there were no jackpot winners, there were Match 5 + Power Play $2 million winners in Indiana and North Carolina and two Match 5 $1 million winners in Florida, as well as other winners in Maryland, Michigan and Pennsylvania.

Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY network.

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How to play Powerball

The Powerball costs $2 per play.

To play, select five numbers from 1 to 69 for the white balls, then select one number from 1 to 26 for the red Powerball.

You can choose your lucky numbers on a play slip or let the lottery terminal randomly pick your numbers.

To win, match one of the nine ways:

• 5 white balls + 1 red Powerball = Grand prize.
• 5 white balls = $1 million.
• 4 white balls + 1 red Powerball = $50,000.
• 4 white balls = $100.
• 3 white balls + 1 red Powerball = $100.
• 3 white balls = $7.
• 2 white balls + 1 red Powerball = $7.
• 1 white ball + 1 red Powerball = $4.
• 1 red Powerball = $4.

There's a chance to have your winnings increased two, three, four, five and 10 times through the Power Play for an additional $1 per play. Players can multiply non-jackpot wins up to 10 times when the jackpot is $150 million or less.

All prizes are set cash amounts, except for the grand prize. In California, prize payout amounts are determined by the sales and the number of winners.

More:Powerball jackpot winners can collect anonymously in certain states. Here's where

What are the odds of winning the Powerball?

The odds of winning the Powerball jackpot are one in 292,201,338. The odds for the lowest prize, $4 for one red Powerball, are one in 38.32.

According to Powerball, the overall odds of winning a prize are one in 24.87, based on a $2 play and rounded to two decimal places.

What is the largest Powerball jackpot ever?

Here are the five largest Powerball jackpots ever won:

1. $2.04 billion from one winning ticket in California in November 2022
2. $1.586 billion from three winning tickets in California, Florida and Tennessee in January 2016
3. $1.08 billion from one winning ticket in California in July 2023
4. $1.04 billion: Current lottery jackpot
5. $768.4 million from one winning ticket in Wisconsin in March 2019

Where can you buy lottery tickets? 

Tickets can be purchased in-person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.  

You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states: Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Texas, Washington D.C. and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.  

Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. Must be 18+, 21+ in AZ and 19+ in NE. Not affiliated with any State Lottery. Gambling Problem? Call 1-877-8-HOPE-NY or text HOPENY (467369) (NY); 1-800-327-5050 (MA); 1-877-MYLIMIT (OR); 1-800-GAMBLER (all others). Visit jackpocket.com/tos for full terms and conditions.