A jury found Bill Cosby guilty Thursday of drugging and sexually assaulting a young woman at his home near here 14 years ago, capping the downfall of one of the world’s best-known entertainers, and offering a measure of satisfaction to the dozens of women who for years have accused him of similar assaults against them.

On the second day of its deliberations at the Montgomery County Courthouse in this town northwest of Philadelphia, the jury returned to convict Mr. Cosby of three counts of aggravated indecent assault against Andrea Constand, at the time a Temple University employee he had mentored.

The three counts — penetration with lack of consent, penetration while unconscious, and penetration after administering an intoxicant — are felonies, each punishable by up to 10 years in state prison, though the sentences could be served concurrently.

It was the second time a jury had considered Mr. Cosby’s fate. His first trial last summer ended with a deadlocked jury after six days of deliberations.

In recent years, Mr. Cosby, 80, had admitted to decades of philandering, and to giving quaaludes to women as part of an effort to have sex, smashing the image he had built as a moralizing public figure and the upstanding paterfamilias in the wildly popular 1980s and ’90s sitcom “The Cosby Show.” He did not testify in his own defense, avoiding a grilling about those admissions, but he and his lawyers have insisted that his encounter with Ms. Constand was part of a consensual affair, not an assault.

The verdict now marks the bottom of a fall as precipitous as any in show business history and leaves in limbo a large slice of American popular culture from Mr. Cosby’s six-decade career as a comedian and actor. For the last few years, his TV shows, films, and recorded stand-up performances, one-time broadcast staples, have largely been shunned and with the conviction, they are likely to remain so.

At his retrial in the same courthouse and before the same judge as last summer, a new defense team argued unsuccessfully that Ms. Constand, now 45, was a desperate “con artist” with financial problems who steadily worked her famous but lonely mark for a lucrative payday.

The prosecution countered that it was Mr. Cosby who had been a deceiver, hiding behind his amiable image as America’s Dad to prey on women that he first incapacitated with intoxicants. During closing arguments Tuesday, a special prosecutor, Kristen Gibbons Feden, had told the jury: “She is not the con. He is.”

The defense’s star witness was a veteran academic adviser at Temple, Mr. Cosby’s alma mater, who said Ms. Constand had confided in her in 2004 that she could make money by falsely claiming that she had been molested by a prominent person. Mr. Cosby paid Ms. Constand $3.38 million in 2006 as part of the confidential financial settlement of a lawsuit she had brought against him after prosecutors had originally declined to bring charges.

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