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  1. Next Powerball Drawing

    Estimated jackpot
    Winning numbers
    • 05
    • 16
    • 18
    • 26
    • 67
    • 04
    Power Play: 3x
    Drawing days Wednesday & Saturday at 10:59pm ET / 7:59pm PT
  2. 1 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.

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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 ...

  4. 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: $47,000,000

    Gross 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 ...
    - $6,068,188
    Subtotal $2,141,812
  5. › finance › powerballPowerball Calculator

    Jan 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 ...

  6. 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.

    Gross Annuity Value
    Federal Tax ( 24 %)
    State Tax ( 4 %)
  7. 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 lucky ...

  8. 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.

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