Last updated: July 29, 2026 | Published by: Yansib Lottery News
The Powerball jackpot has climbed to a staggering $663 million for tonight's Wednesday drawing, July 29, 2026, after no ticket matched all six numbers in Monday's draw. This marks the second-largest lottery prize of 2026 — trailing only yesterday's historic Mega Millions $800 million jackpot win.
Tonight's Powerball Draw Details
- Date: Wednesday, July 29, 2026
- Draw Time: 10:59 PM ET / 6:59 PM PT
- Estimated Jackpot: $663,000,000
- Cash Option: $290,400,000 (lump sum)
- Next Draw: Saturday, August 1, 2026
Monday's Results — No Winner, Jackpot Grows
The previous Powerball drawing on Monday, July 27, 2026 produced winning numbers 6-26-46-58-65 with a Powerball of 25. Unfortunately, no ticket matched all five white balls and the red Powerball, sending the jackpot rolling over to tonight's draw.
The $663 million prize represents one of the largest Powerball jackpots of 2026. To put it in perspective, this is the second-biggest lottery jackpot this year, coming just a day after a Mega Millions ticket claimed a record-breaking $800 million prize.
How to Win Powerball
Powerball costs $2 per play. Players select five numbers between 1 and 69 for the white balls, then one number between 1 and 26 for the red Powerball.
Prize Tiers (Estimated):
| Match | Prize |
|---|---|
| 5 + Powerball | $663,000,000 |
| 5 | $1,000,000 |
| 4 + Powerball | $50,000 |
| 4 | $100 |
| 3 + Powerball | $100 |
| 3 | $7 |
| 2 + Powerball | $7 |
| 1 + Powerball | $4 |
| 0 + Powerball | $4 |
Optional Add-Ons
- Power Play® (+$1): Multiplies non-jackpot prizes by 2X, 3X, 4X, 5X, or 10X. The Match 5 prize with Power Play is always $2 million. The 10X multiplier is available when the jackpot is $150 million or less.
- Double Play® (+$1): A separate drawing with a top cash prize of $10 million, available in participating jurisdictions.
What Would a Winner Receive?
If someone wins tonight's $663 million jackpot, they have two payout options:
- Annuity: 30 graduated payments over 29 years — total $663 million
- Cash Option: A lump-sum payment of approximately $290.4 million
Both options are prior to federal and state tax withholdings. Federal taxes take 24% upfront, and winners may owe up to 37% federal tax plus state taxes depending on their jurisdiction.
After taxes, a cash-option winner in a state with no state income tax (like Florida or Texas) could take home approximately $240-250 million. A winner in a high-tax state like California or New York might receive closer to $190-210 million after all withholdings.
Mega Millions Context: $800 Million Winner Yesterday
Yesterday's Mega Millions drawing (Tuesday, July 28) saw one lucky ticket claim a $800 million jackpot — the largest lottery prize of 2026. The winning numbers were 34-48-49-59-70 with a Mega Ball of 12. The winning ticket was sold in Florida, and the prize was reported as TBC (to be claimed).
This makes July 2026 a historic month for lottery jackpots, with two games offering combined prizes exceeding $1.4 billion in a single week.
When Is the Next Powerball Drawing?
Powerball drawings are held three times per week:
- Monday at 10:59 PM ET
- Wednesday at 10:59 PM ET (tonight!)
- Saturday at 10:59 PM ET
The next Powerball drawing is Saturday, August 1, 2026 — and if the jackpot goes unclaimed, it could continue to climb even higher.
Where to Watch the Draw
You can watch tonight's Powerball drawing live at powerball.com/watch-drawing. Drawings are broadcast from the Florida Lottery draw studio in Tallahassee.
Responsible Gambling Note
While the dream of winning big is exciting, remember that the odds of winning the Powerball jackpot are approximately 1 in 292.2 million. Play responsibly and only spend what you can afford. If you or someone you know has a gambling problem, call the National Council on Problem Gambling at 1-800-522-4700.
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