Powerball drawings are held three times a week, every Monday, Wednesday, and Saturday at 10:59 p.m. ET. The sales cut-off times vary by one to two hours before the drawing, depending on the jurisdiction. The drawings are held at the Florida Lottery draw studio in Tallahassee and are broadcast live by select carrier TV stations across the country. They are also live-streamed on the Powerball website. If you want to purchase a ticket for the next Powerball draw, you should expect to pay $2 for each play. You can also purchase Power Play, which will multiply your winnings for another $1 per play.