CLEVELAND, Ohio — The Powerball jackpot is continuing its steady climb upward, sitting at $565 million for the drawing on Saturday, Aug. 16, 2025. Despite the impressive number, it still doesn’t crack the top 10 for largest Powerball jackpots in history. The largest was a $2.04 billion prize won in California in November 2022.

The Powerball jackpot has climbed to $565 million, with the next drawing set for Saturday night. It’s far from the record jackpot territory of $2 billion, though it’s still among the higher lottery prize amounts to date. But for Adam Osmond, any jackpot fervor only serves as a reminder of the dark side of lotteries.