OKLAHOMA CITY (Jan. 6, 2016) - The Powerball jackpot for Wednesday night’s drawing has reached $500 million! This is the fourth largest Powerball jackpot and sixth largest jackpot of any lottery game in U.S. history. The estimated cash value of the jackpot is $306 million.
Players have until 8:59 p.m. on Wednesday to purchase tickets for the next Powerball drawing. Powerball drawings are held on Wednesdays and Saturdays at 9:59 p.m.
With the Powerball jackpot at $500 million, the Oklahoma Lottery is encouraging everyone to play responsibly.
Net proceeds of all Lottery games are used to support improvements and enhancements for Oklahoma education. More than $706 million has been contributed to education since November 2005 with funds appropriated by the State Legislature to pay debt service on a higher education capital bond issue; to pay support salaries for public schools and for equipment, scholarships and other purposes at our career and technology education institutions.