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Today$20,000,000Estimated jackpotWinning numbersPowerball05/06- 07
- 23
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- 56
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- 25★
Drawing days Wednesday & Saturday at 10:59pm ET / 7:59pm PTwww.powerball.comPowerball Jackpot for Wed, May 8, 2024 $20,000,000 $9,300,000; Gross Prize 30 average annual payments of $666,667: Cash: $9,300,000 - 24% federal tax - $160,000 - $2,232,000 - Add'l federal taxes due (37% final rate) - $44,854 - $1,167,188: Subtotal $461,812: $5,900,812 - State Tax: Arizona: 2.5% state tax - $16,667 - $232,500: Your average net ...
Current Jackpot Analysis. The table to the right shows the advertised jackpot for the next drawing. It also works as a tax calculator, so that you can see how much is withheld, whether you want to take the annuity or the cash lump sum.
Apr 7, 2024 · In either case, while billions of dollars (as in the case of a recent $842.4 million jackpot) is a bunch of money and $425.2 million (the cash value of that jackpot) is a huge lump sum, any...
4 days ago · *Cash Lump Sum: $99.7 Million. For a small additional fee, you can opt to use the Power Play option which will increase the prize payout for any non-jackpot win by a multiple of 2, 3, 4 or 5 (or possibly 10 when the estimated jackpot is less than $150 million) depending on which Power Play number is drawn.
Aug 1, 2023 · Lump Sum/Cash Option Calculator. Gross Payout (~61% of the jackpot) $610,000. Federal Taxes. $146,400 ( 24% ) Arizona. $30,500 ( 5% ) Net Payout (after taxes) $433,100. Annuity Calculator (Totals) Gross Payout. $1,000,000. Federal Taxes. $240,000 ( 24% ) Arizona. $50,000 ( 5% ) Net Payout (after taxes) $710,000. Contents.
*Cash Lump Sum: $92.7 Million. A federal tax of 24 percent will be taken from all prizes above $5,000 (including the jackpot) before you receive your prize money. You may then be eligible for a refund or have to pay more tax when you file your returns, depending on your total income.
The Powerball jackpot grows until it is won. Players win a prize by matching one of the 9 ways to win. The jackpot is won by matching all five white balls in any order and the red Powerball. Jackpot winners may choose to receive their prize as an annuity, paid in 30 graduated payments over 29 years, or a lump-sum payment.
