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Reading: Powerball Jackpot Soars to $1.7 Billion Ahead of Christmas Eve Drawing
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Finance

Powerball Jackpot Soars to $1.7 Billion Ahead of Christmas Eve Drawing

News Desk
Last updated: December 24, 2025 4:28 pm
News Desk
Published: December 24, 2025
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In what could be a thrilling lead-up to Christmas, the Powerball jackpot has skyrocketed to an astounding $1.7 billion after no winning ticket was drawn in the previous drawing. This surge has made it the fourth largest jackpot in the history of the game, setting the stage for what could possibly be a Christmas Eve miracle for one fortunate ticket holder.

Wednesday’s drawing marks the 47th in this current jackpot cycle, extending its streak as the longest duration without a winner to date. Powerball officials express hope that this escalating prize will inspire joy and a sense of community akin to the holiday spirit. Matt Strawn, the CEO of the Iowa Lottery and a Powerball official, highlighted the dream-like nature of the game, stating, “Much like the holidays, Powerball is a game that brings people together to dream big and hope for a brighter future.”

For those who might be eyeing the jackpot, the estimated cash value stands at $781.3 million. Historically, the game has shown a propensity for holiday luck. The only instance of a Powerball jackpot being won on Christmas Eve occurred in 2011. Additionally, the jackpot has been snagged on Christmas Day on four separate occasions: 1996, 2002, 2010, and 2013.

In terms of wins, Monday night’s drawing yielded multiple substantial prizes, with nine tickets winning $1 million, 28 tickets securing $100,000, and 107 tickets taking home $50,000. Powerball tickets are widely accessible, available in 45 states, along with the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, priced at $2 each.

The anticipation is rising as the next drawing approaches, which is scheduled to take place at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. The event will be livestreamed on Powerball’s official website, allowing eager participants to witness if fortune favors them this holiday season.

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