Oregon Powerball Jackpot Nears Historic $1 Billion Mark

Oregon Powerball players have a huge prize on the line tonight, with the jackpot for the August 12 drawing estimated at $1 billion.

That massive prize ranks as the eighth-largest Powerball jackpot ever, according to the Oregon Lottery. The jackpot has continued growing since May 3, while Oregon players have already collected about $2.3 million in winnings across 421,519 prizes.

Here are a few key details:

• Jackpot: $1 billion
• Ticket price: $2 per play
• Drawing time: 7:59 p.m.
• Claim period in Oregon: One year from the drawing date

Oregon has already seen some incredible lottery wins. In 2024, Cheng “Charlie” Saephan split a $1.3 billion Powerball jackpot with his wife and a friend. It remains the largest lottery prize ever won in Oregon. Before that, the state's biggest Powerball win was a $340 million jackpot in 2005.

The national Powerball record is even bigger. A California player won a staggering $2.04 billion jackpot in 2022, the largest Powerball prize ever awarded.

Oregon has also produced other major lottery winners. Last year, a millwright from the Eugene area hit an $8.1 million Megabucks jackpot with a ticket purchased at a Lane County gas station.

The Oregon Lottery reminds players to sign the back of their tickets as soon as possible. Anyone who lands the jackpot should also consider speaking with a trusted financial professional before making major decisions about the money.

Powerball tickets are available for $2 in 45 states, Washington, D.C., Puerto Rico, the U.S. Virgin Islands and the United Kingdom.

With a billion-dollar prize up for grabs, tonight's drawing could create Oregon's next lottery millionaire — or even billionaire.