The current Powerball jackpot is estimated to be $193 million. The Powerball lottery is decided every Wednesday and Saturday nig
ht by drawing five white balls out of a drum with 69 balls and one red ball out of a drum with 26 red balls. The Powerball jackpot is won by matching all five white balls in any order and the red Powerball. Each ticket costs $2. A ticket is defined as a set of five white and 1 red number.