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### Next Powerball Drawing

05/25$120,000,000Estimated jackpotWinning numbersPowerballYesterday- 05
- 16
- 18
- 26
- 67
- 04★

Drawing days Wednesday & Saturday at 10:59pm ET / 7:59pm PTwww.powerball.com1 day ago · The cash

**lump****sum**payment is the available jackpot prize pool at the time of the draw. The annuity option is the advertised jackpot, and is the cash**lump****sum**plus interest gained over a period of 29 years. The annuity option is paid in 30 installments over 29 years. The first annuity installment is paid when the jackpot is claimed.- Our Powerball Calculator Explained
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As you might already know, when a player wins the Powerball jackpot, they have to choose between a single

**lump sum**or**30 annual**payments to receive their prize. Choosing the lump sum, also known as the cash option, reduces the jackpot size to approximately 61% of the original amount, but awards it all at once to the player. On the other hand, the a...**The Powerball**payout chart below captures**the**different prize tiers and odds of winning. Figures in this chart are rounded to**the**nearest one and are based on a single $2 play.Advertised Jackpot:

**The**total payment a winner would receive should they choose**the**annuity option**for**any given drawing. This number**is**based on**the**funds in**the**prize pool (including all prior rollovers), expected ticket sales**for the**next drawing, and current market interest rates. Annuity Payout Option:Payment scheme wherein prizes are awarded s...Check out our Mega Millions Payout and Tax Calculatorto figure out

**how much**taxes you will owe on your lottery winnings and also your payout**for**both cash and annuity options. If you haven't bought your tickets yet and are wondering what**the**odds of your winning are, you can use our Lottery Odds Calculator or geek out and dive into**the**math behind ...Annuity Cash;

**Powerball**Jackpot for Wed, May 22, 2024 $100,000,000 $47,000,000; Gross Prize 30 average annual payments of $3,333,333: Cash: $47,000,000AnnuityCashGross Prize 30 average annual payments of ...Cash: $47,000,000- 24% federal tax - $800,000- $11,280,000- Add'l federal taxes due (37% final ...- $6,068,188Subtotal $2,141,812$29,651,812Jan 18, 2024 · When choosing this option, the winner is paid in one

**lump****sum**. However, the cash value payout of the jackpot is**much**less than the one offered for an annuity**Powerball**payout. So, you may ask, "**How much**do I get if I win the**Powerball**?" It is about 52 percent of the total jackpot amount (before taxes). For example, if the**Powerball**jackpot is ...**The**annuity payout calculator below shows a breakdown of**the**gross annuity value**for the**current jackpot, and**the**applicable federal and state tax**for**each year. Year. Gross Annuity Value. Federal Tax ( 24 %) State Tax ( 4 %) Net Total. 1. $1,324,526.29. -$317,886.31.YearGross Annuity ValueFederal Tax ( 24 %)State Tax ( 4 %)1$1,324,526.29-$317,886.31-$52,981.052$1,390,752.60-$333,780.62-$55,630.103$1,460,290.23-$350,469.66-$58,411.614$1,533,304.74-$367,993.14-$61,332.19Apr 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 lucky ...5 days ago · *Cash

**Lump****Sum**: $56.4 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.