Powerball jackpot climbs to $48 million for August 19 drawing - Here's what Wednesday night's winner could take home

Powerball jackpot August 19: Winning the Powerball jackpot remains an extraordinary long shot. Players must correctly select five white balls and the red Powerball to claim the top prize. The odds of hitting the jackpot are approximately 1 in 292.2 million. Despite those daunting odds, Powerball has already delivered several enormous jackpots in 2026. Most recently, an Illinois ticket won an estimated $1.04 billion jackpot on Wednesday, August 12.