Whether it’s the probability of EXACTLY 5 of 10 tickets or AT LEAST 5 of 10 tickets makes a difference. One is more likely than the other, though not by a huge amount. After all, if it was 7 of the same Powerball number, the same question would likely be asked.
It becomes a basic binomial probability problem.
For EXACTLY 5 draws (already answered above), there are C(26,1)=26 ways of picking which of the 26 numbers gets picked 5 times, and C(10,5) ways of picking which 5 of the 10 tickets these are. There is a (1/26)^5 chance of picking the powerball 5 times and a (25/26)^5 chance of not picking it 5 times.
Combining those, we have a probability of:
C(26,1)C(10,5)(1/26)^5*(25/26)^5 = 0.000453 = 0.045%
That’s about 1 in 2200, so not great but not terrible, either.
For AT LEAST 5 draws, we can just add the probabilities for more draws:
C(26,1)C(10,6)(1/26)^6*(25/26)^6 = 0.0000140
C(26,1)C(10,7)(1/26)^7*(25/26)^7 = 0.000000295
C(26,1)C(10,8)(1/26)^8*(25/26)^8 =0.00000000409
C(26,1)C(10,9)(1/26)^9*(25/26)^9 =0.0000000000336
C(26,1)C(10,10)(1/26)^10*(25/26)^10 = 0.000000000000124
Adding these together, the probability of AT LEAST 5 of the same is a bit higher at 0.0467%, or roughly 1 in 2140.
For reference, the probability that all 10 are unique powerballs is reasonably high. There are 26^10 = 1.4110^14 ways of picking 10 powerballs, of which P(26,10)=1.9310^13 will contain 10 unique numbers. That’s a probability of 13.65%.
Thinking more on it, I suppose the analysis above also includes the probability that 5 of the powerballs are one number and 5 are another number, which is a very low probability event but included.