• Home
  • News
  • Coins2Day 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
SuccessLottery

You could buy a $1 billion Powerball ticket this Labor Day weekend

By
Ed White
Ed White
,
Kendria LaFleur
Kendria LaFleur
and
The Associated Press
The Associated Press
By
Ed White
Ed White
,
Kendria LaFleur
Kendria LaFleur
and
The Associated Press
The Associated Press
August 29, 2025, 4:37 PM ET
Powerball
Roslyn Jefferson makes her lottery ticket selections on a self-serve terminal inside a gas station ahead of Saturday's Powerball drawing offering of $1 billion, Friday, Aug. 29, 2025, in Baltimore. AP Photo/Stephanie Scarbrough

This could buy a lot of Labor Day weekend sunblock: Saturday’s Powerball jackpot is estimated at $1 billion, the sixth-largest prize in the game’s history.

Recommended Video

Powerball, which costs $2 per ticket, is played in 45 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. The jackpot has been growing each week because no one has matched all six numbers since May 31.

As ticket sales climbed this week, game officials raised the estimated Saturday night jackpot to $1 billion from $950 million, before taxes. Payments would be spread over 30 years, or a winner can choose an immediate lump sum of $453 million, again before taxes.

“We’re bringing extra excitement to Labor Day weekend,” said Matt Strawn, head of the Iowa Lottery and chair of Powerball.

The odds of matching all six numbers, of course, are daunting: 1 in 292.2 million. By comparison, the odds of getting a rare shark bite during a last summer dip in the ocean are much lower, according to the Florida Museum of Natural History.

Angela Schwartz, who sells tickets at City Market in downtown Detroit, said the message Friday was consistent: “Give me a lucky Powerball.”

“I don’t know if that’s enough for me,” she said with a laugh, referring to the lump-sum payout a winner could get. “It could pay a few bills.”

At a Fuel City in Dallas, Duran Hargest let the lottery machine spit out four tickets with random numbers.

“It could be a blessing,” he said of winning the jackpot. “It could also be a curse, depending on how you use it. I just wanted to make sure if I get it, you know, take care of my family and then probably help others that probably need it, too.”

Powerball and Mega Millions are lottery games with potentially huge jackpots because they are played in multiple states. The top Powerball jackpot was $2.04 billion on Nov. 7, 2022. The largest Mega Millions jackpot was $1.6 billion on Aug. 8, 2023.

___

LaFleur reported from Dallas.

Coins2Day Brainstorm AI returns to San Francisco Dec. 8–9 to convene the smartest people we know—technologists, entrepreneurs, Coins2Day Global 500 executives, investors, policymakers, and the brilliant minds in between—to explore and interrogate the most pressing questions about AI at another pivotal moment. Register here.
About the Authors
By Ed White
See full bioRight Arrow Button Icon
By Kendria LaFleur
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.