The Powerball lottery jackpot has now grown to over $300 million for the drawing on Wednesday the 22nd of June 2022. The jackpot currently stands at $312 million with the cash option being $175 million. The last time the Powerball jackpot was over $300 million was the drawing on April 27th, 2022. It has taken less than 2 months for the jackpot to grow again to over $300 million.
Powerball jackpots have been getting larger and larger more frequently in the last few years. This is due to a combination of an increase in the ticket price from $1 to $2 and the increase in the number of drawings every week from 2 to 3 with the addition of Monday drawings. There have been 4 jackpots over $300 million in the last 2 years with 3 of those being over $600 million.
In addition to the Powerball jackpot growing, the Mega Millions jackpot is also large, currently sitting at $290 million.
