According to the official Powerball website, Powerball drawings are held every Monday, Wednesday, and Saturday at 10:59 p.m. ET. However, sales cut-off times vary by one to two hours before the drawing, depending on the jurisdiction. The Powerball drawings are broadcast live from the Florida Lottery draw studio in Tallahassee and are also live-streamed on the Powerball website.
In summary, the Powerball drawings are held three times a week, on Mondays, Wednesdays, and Saturdays, at 10:59 p.m. ET, and are broadcast live from the Florida Lottery draw studio in Tallahassee.