In what would definitely be the largest back-to-school bonus of the 2025-2026 academic year, the next Powerball drawing is slated for Saturday, August 16, with an amount of $565 million. The estimated cash value is $258.8 million, according to the Texas Lottery Commission.

The jackpot is now estimated to be $565 million, with a cash value of $258.8 million. The next Powerball drawing will take place on Saturday, Aug. 16, according to Powerball.com. Although no tickets sold before the Wednesday drawing matched the numbers drawn to claim the $526 million jackpot, there were $1 million prize winners in three states.

The Powerball jackpot rose to $531 million for the Wednesday, Aug. 13, drawing after no one won the top prize on Monday, Aug. 11.