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Powerball Soars to $127 Million; Mega Millions Hits $474 Million

9/27/2025

33 5 Full Breakdown

Summary

Story summary

Powerball jackpot is $127 million for Sept. 24, 2025, with a $59 million cash option.
No one won the Sept. 22 drawing; next drawing at 10:59 p.m. ET on Sept. 24.
Odds are about 1 in 292 million. Tickets cost $2, with a $1 Power Play option. Mega Millions is $474 million for Sept. 26.

History

Historical Context

Established in 1992, the Powerball lottery has become a major gambling phenomenon in the U.S. In 2016, a new format increased jackpot odds to 1 in 292 million, leading to larger prizes. The current $127 million jackpot reflects a growing public interest in lotteries, paralleling the record $1.586 billion Mega Millions jackpot that same year, significantly impacting state revenues.

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Story summary

Powerball jackpot is $127 million for Sept. 24, 2025, with a $59 million cash option.
No one won the Sept. 22 drawing; next drawing at 10:59 p.m. ET on Sept. 24.
Odds are about 1 in 292 million. Tickets cost $2, with a $1 Power Play option. Mega Millions is $474 million for Sept. 26.

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