Current Jackpots
Live estimated jackpot amounts and cash option values for Powerball, Mega Millions, and state lottery games, updated before each drawing. The annuity value represents the total paid out over 29 years, while the cash option is the lump-sum amount available immediately (before federal and state taxes).
Jackpot Trend
How the estimated jackpot has grown and reset over recent drawings. Sharp drops indicate a jackpot was won and the prize reset to its starting amount.
How Lottery Jackpots Work
Lottery jackpots start at a guaranteed minimum — $20 million for Powerball and $20 million for Mega Millions — and grow each time a drawing passes without a jackpot winner. A portion of every ticket sold goes into the prize pool, which is why jackpots can climb to hundreds of millions or even billions of dollars during extended roll periods.
Winners can choose between two payout options: the annuity, which pays the full advertised amount in 30 graduated payments over 29 years, or the cash option, which is a single lump sum representing the current cash value of the prize pool. Most winners choose the cash option, which is typically 40-60% of the advertised jackpot amount before taxes.
The jackpot trend chart above shows how each game's prize has grown over recent drawings. Track the progression and explore our statistics tools to analyze number patterns before the next draw. For complete game rules and prize tiers, see our Powerball Prizes and Mega Millions Prizes guides.