{"id":96422,"date":"2025-12-21T20:36:07","date_gmt":"2025-12-21T20:36:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/96422\/"},"modified":"2025-12-21T20:36:07","modified_gmt":"2025-12-21T20:36:07","slug":"powerball-jackpot-is-growing-to-infinity-and-beyond","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/96422\/","title":{"rendered":"Powerball jackpot is growing to infinity and beyond"},"content":{"rendered":"<p>CORPUS CHRISTI, Texas \u2014 Nobody won Friday night&#8217;s $1.4 billion Powerball jackpot, meaning an even bigger prize will be up for grabs in Saturday night&#8217;s drawing \u2014 $1.6 billion.<\/p>\n<p>But if you were to pick all six winning numbers, that&#8217;s not how much you would actually win.<\/p>\n<p>According to Forbes, if you pick the cash option, you would win an immediate lump sum of just over $735 million.<\/p>\n<p>However, you would then have to immediately pay a 24% federal tax, which would bring your prize down to about $589 million.<\/p>\n<p>Since you would be in a higher tax bracket, you would face the highest federal tax rate of 37%, bringing the total down to $463.2 million.<\/p>\n<p>If you take the 30 annual payment option, after federal taxes your take home would be about $1 billion.<\/p>\n<p>For the latest local news updates, <a class=\"Link\" href=\"https:\/\/www.kristv.com\/news\/local-news\" target=\"_blank\" rel=\"nofollow noopener\">click here<\/a>, or download the <a class=\"Link\" href=\"https:\/\/www.kristv.com\/about-us\/kris-6-apps\" target=\"_blank\" rel=\"nofollow noopener\">KRIS 6 News App. <\/a><\/p>\n<p>Catch all the <a class=\"Link\" href=\"https:\/\/www.youtube.com\/user\/KRIS6News\/videos\" target=\"_blank\" rel=\"nofollow noopener\">KRIS 6 News stories and more on our YouTube page<\/a>. Subscribe today!<\/p>\n","protected":false},"excerpt":{"rendered":"CORPUS CHRISTI, Texas \u2014 Nobody won Friday night&#8217;s $1.4 billion Powerball jackpot, meaning an even bigger prize will&hellip;\n","protected":false},"author":2,"featured_media":96423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[155,157,156],"class_list":{"0":"post-96422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-corpus-christi","8":"tag-corpus-christi","9":"tag-corpus-christi-headlines","10":"tag-corpus-christi-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/96422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=96422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/96422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/96423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=96422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=96422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=96422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}