Topline<\/p>\n
The Powerball jackpot rose to $719 million\u2014the third biggest lottery prize of 2025 so far\u2014after no tickets matched all six numbers drawn on Wednesday night, although the eventual winner will take home a much smaller payout after taxes and deductions.<\/p>\n
The Powerball jackpot rose to $719 million after Wednesday’s drawing.<\/p>\n
Copyright 2025 The Associated Press. All rights reservedKey Facts<\/p>\n
The six numbers drawn on Wednesday night were 7, 8, 15, 19, 28 and Red Powerball 3.<\/p>\n
If a winner emerges in the next draw, they can choose between taking the $719 million prize split over 30 annual installments or a one-time cash payment of $333.3 million\u2014the preferred choice for most winners.<\/p>\n
If the lump-sum option is chosen, the winnings will first drop to around $253.3 million after a mandatory federal withholding of 24% is applied.<\/p>\n
The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $210 million.<\/p>\n
If the installment route is picked, the winner\u2019s annual payments of around $24 million would fall to $15.1 million after the 37% federal marginal rate is applied.<\/p>\n
Depending on their state of residence, the winner could face additional taxes, as some states, such as New York, tax lottery winnings at 10.9%, while others, such as Texas, Florida, and California, don\u2019t.<\/p>\n
What To Watch For<\/p>\n
The next Powerball jackpot draw is set to take place on Saturday night. <\/p>\n
Read More<\/p>\n","protected":false},"excerpt":{"rendered":"Topline The Powerball jackpot rose to $719 million\u2014the third biggest lottery prize of 2025 so far\u2014after no tickets…\n","protected":false},"author":2,"featured_media":316921,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,162651,80894,57219,57221,74007],"class_list":{"0":"post-316920","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-jackpot-winners","10":"tag-powerball-drawing","11":"tag-powerball-jackpot","12":"tag-powerball-numbers","13":"tag-powerball-winner"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/316920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=316920"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/316920\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/316921"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=316920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=316920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=316920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}