lottery jackpot, only behind the world record $2.04 billion Powerball jackpot won in California on November 7, 2022. Wednesday’s estimated jackpot ranks as the second-largest Powerball jackpot and U.S. The jackpot has an estimated cash value of $756.6 million. Just when you thought it couldn’t get any bigger…the Powerball® jackpot spiked to an estimated $1.73 billion for the next drawing on Wednesday night.