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The Jackpot Powerball has reached a new summit for the year, reaching $ 605 million after the drawing on Saturday produced no winner, but a lucky winner would bring much less home after taking the taxes.
The next Powerball drawing will take place on Monday evening.
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Key facts
No tickets were sold corresponding to all the winning numbers on Saturday (23, 40, 49, 65, 69 and PowerBall number 23), which means that the jackpot increases before the next drawing, which is Monday evening.
If a ticket is sold corresponding to all the figures on Monday, the winner will be able to receive a complete jackpot of $ 605 million spread over 30 payments annualized over 29 years, or a mass of mass cash of 273.4 million dollars at a time.
If the winner chooses the lump sum, the most popular option, it would face an automatic reservoir tax by 24%, which reduces gains to $ 207.8 million.
The winner is then likely to cope with the highest federal marginal tax rate of 37%, bringing the jackpot back to $ 172.2 million.
If the winner chooses the annuity, his average annual payment would drop from more than $ 20 million to $ 12.7 million after applying taxes.
The United States and Territories tax lottery gains, including New York (at a rate of 10.9%), Washington, DC (at a rate of 8.5%) and Maryland (at a rate of 8.75%), while others such as California, Texas and Delaware apply no additional tax.
What to monitor
The next drawing is scheduled for Monday at 10:59 p.m. Hae. If a winner is not selected on Monday, the jackpot will set up before the next drawing Wednesday evening.
Key
The Jackpot Powerball has regularly increased in recent weeks – it previously increased up to $ 526.5 million in March before a lucky winner in California claimed the jackpot. The jackpot exceeded $ 1 billion in 2024, increasing up to $ 1.3 billion before a player claimed the price last April.
Large number
1 of 292.2 million. These are the chances of winning the Jackpot Powerball, according to the organizers of the lottery. A jackpot winner must buy a ticket with numbers corresponding to the five white balls drawn (between 1 and 69), as well as corresponding to the red powerball (between 1 and 26). Players receive a price of $ 1 million if they buy a ticket corresponding to the five numbers without the PowerBall number – the organizers are chances to win this award at 1 in 11.6 million.
