Powerball jackpot hits $1.25 billion: What day, time is next drawing?

After no jackpot winner on Monday, Dec. 15, the Powerball prize climbed to an estimated $1.25 billion (about $572.1 million cash) for the next drawing on Wednesday, Dec. 17, making it the sixth-largest Powerball jackpot and the second $1 billion-plus prize in 2025 (after a $1.79 billion prize Sept. 6). Drawings occur every Monday, Wednesday and Saturday at 10:59 p.m.; tickets cost $2 with optional $1 Power Play (2x–10x non-jackpot multipliers) and a $1 in-store Double Play add-on for a separate drawing up to $10 million; the overall odds of winning the jackpot are 1 in 292.2 million (Michigan in-store and online sales cut off at 9:45 p.m. on draw nights).

Analysis

The Powerball jackpot rolled to an estimated $1.25 billion ($572.1 million cash) for the Wednesday, Dec. 17 drawing after no winner on Monday, Dec. 15, making it the sixth-largest prize and the second $1 billion-plus jackpot in 2025 following a $1.79 billion prize on Sept. 6. Drawings occur every Monday, Wednesday and Saturday at 10:59 p.m., are broadcast live from Tallahassee and livestreamed on Powerball.com, which amplifies consumer visibility around each rollover.

Ticket mechanics and participation features are explicitly laid out: a $2 play price, an optional $1 Power Play multiplier (2x–10x for non-jackpot prizes), and a $1 Double Play add-on for a separate drawing up to $10 million; Michigan sales cut off at 9:45 p.m. on draw nights. The official odds remain 1 in 292.2 million, highlighting the extremely low probability of winning despite headline prize size.

A jackpot of this magnitude is likely to generate a near-term spike in ticket sales, state lottery revenue and retail foot traffic as well as higher viewership and app engagement around the draw, but effects are event-driven and hinge on whether the prize is won or continues to roll. Investors should therefore view any revenue or traffic uplift as transient and monitor actual sales and tax-receipt data rather than extrapolating a sustained demand shift.

Key Decisions for Investors

• Investors with exposure to state lotteries, convenience-store retailers and media broadcasters should consider short-duration tactical exposure to capture a likely near-term uplift in ticket sales, retail foot traffic and viewership around the Dec. 17 drawing
• Monitor state lottery sales releases, Powerball ticket-sales metrics and app-download/engagement trends over the next several days as leading indicators that would validate a sustained consumer response
• Avoid making long-term structural bets on lottery-driven revenues given the event-driven nature of jackpot spikes and the 1‑in‑292.2‑million odds that limit predictable repeat engagement