Powerball $700-million Jackpot Drawing Is Tonight: A massive $700-million dollars is up for grabs tonight with the Powerball lottery. That’s the lottery largest jackpot this year. The cash value is around 336-million dollars, before taxes. The odds of winning are 1 in 292.2 million and that doesn’t change as the cash amount grows. You have until 7pm to get your tickets. The drawing is at 9pm.