The jackpot currently ranks as the third largest Powerball jackpot, only behind the world record $2.04 billion Powerball jackpot won last year, and the $1.586 billion Powerball jackpot won in 2016. The cash option for the jackpot is an estimated $441.9 million. The Powerball® jackpot has jumped again! The jackpot has grown to an estimated $875 million for the next drawing on Saturday, July 15.