The Powerball jackpot has leaped to $950 million after there have been no huge grand prize winners in Wednesday’s drawing.
Wednesday’s successful numbers are 9, 12, 22, 41, 61 with a purple Powerball of 25 and a PowerPlay multiplier of 4. That resulted in three $1 million winners in Arizona, New York and Virginia and three $2 million winners in Mississippi, Ohio and Virginia.
The $950 million jackpot is for an annuity choice, paid over 30 years. Winners nearly at all times go for the lump-sum money prize, which for Powerball can be $4289 million money.
The prize is topic to taxes, which incorporates an automated withholding tax of 24% levied towards the winnings, and one other 13% in federal taxes whenever you file your 2025 return.
There are additionally state taxes in some jurisdictions, which vary from 2.9% to 10.9% relying on the state you reside in. However for those who’re fortunate sufficient to stay in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you will not pay taxes in your winnings.
The subsequent Powerball drawing is on Saturday, Aug. 30, 2025.
Nobody has gained Powerball’s jackpot since Could 31, 2025, a stretch of 38 consecutive drawings with out anybody matching the sport’s six numbers. Earlier than that, the jackpot was hit eleven instances, nonetheless, the winnings have been all underneath $600 million.
Saturday’s $950 million prize is critical — marking the seventh largest in Powerball historical past — however does not crack the highest 10 of the most important lottery jackpots within the U.S. when together with Mega Hundreds of thousands.
The biggest lottery jackpot in U.S. historical past stands at $2.04 billion and was gained by a single Powerball ticket in California on Nov. 7, 2022. The winner, Edwin Castro, got here ahead in early 2023 after months of hypothesis.
The rationale for the jackpot drought is easy: The chances of successful the highest prize are depressing, at 1 in 292.2 million. It is these odds that create the big jackpots which might be designed to draw consideration and drive up gross sales.
Powerball is performed in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Drawings are held at 10:59 p.m. EST on the Florida Lottery studio in Tallahassee.
“The lesson didn’t actually go in response to plan.” Math professor Nicholas Kapoor purchased a Powerball ticket to show how inconceivable it’s to win the lottery – after which he gained $100,000. Right here’s what he needs you to find out about enjoying the Powerball.
