Powerball jackpot hits $579m — when is next draw? Here’s what you need to know
No jackpot winner again — Powerball climbs to $579 million
The Powerball jackpot for Saturday, August 16, 2025, reached a staggering $579 million, with a lump-sum cash value of approximately $261.5 million. The prize pool grew after Wednesday’s drawing failed to produce a jackpot winner, continuing the streak of rollovers that has captured the attention of lottery players nationwide.
Winning Numbers for August 16, 2025
Saturday’s draw produced the following numbers: 23, 40, 49, 65, and 69, with the Powerball number 23 and a Power Play multiplier of 3x.
Unfortunately, no ticket matched all six numbers, leaving the jackpot unclaimed once again.
How Many Numbers Do You Need to Win Powerball?
You don’t need to hit all the numbers to walk away with cash. In fact, even landing the Powerball alone nets you a $4 prize. Here’s a breakdown:
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1 number + Powerball = $4
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2 numbers + Powerball = $7
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3 numbers (no Powerball) = $7
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3 numbers + Powerball = $100
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4 numbers (no Powerball) = $100
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4 numbers + Powerball = $50,000
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5 numbers (no Powerball) = $1 million
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5 numbers + Powerball = Jackpot
When Is the Next Powerball Drawing?
Players eager for another shot can mark their calendars. Powerball drawings are held every Monday, Wednesday, and Saturday at 10:59 p.m. ET. With no winner this time, the jackpot is expected to climb even higher for the upcoming draw.
Historic Powerball Jackpots
The current $579 million prize still falls short of the largest wins in Powerball history. Here are the top five jackpots ever recorded:
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$2.04 billion — Nov. 7, 2022 (California)
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$1.765 billion — Oct. 11, 2023 (California)
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$1.586 billion — Jan. 13, 2016 (California, Florida, Tennessee)
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$1.326 billion — April 6, 2024 (Oregon)
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$1.08 billion — July 19, 2023 (California)
What Happens if You Win?
Winners can choose between the full jackpot paid out in annual installments or the lump-sum cash option. However, both are subject to federal and, in many cases, state taxes. For the current jackpot, a lump sum of $261.5 million before taxes is on the table.
Lottery Fever Sweeps the Nation
As the jackpot climbs, lottery retailers across the U.S. are reporting increased sales, with many hopefuls lining up for tickets. Experts warn that while the dream of winning is thrilling, the odds remain extremely slim — roughly 1 in 292.2 million to hit the jackpot.