RESOLVING THE LEDGER
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The winning numbers for the Powerball jackpot worth an estimated $1 billion were drawn on Wednesday: 26 , 67, 69, 66 and 4 with a red Powerball of 9. The multiplier was 2x.
The Powerball jackpot hit $1 billion ahead of Wednesday’s drawing, becoming the largest lottery prize up for grabs this year.
The drawing took place at 10:59 p.m. ET at the Florida Lottery studio in Tallahassee.
“The growth of this jackpot reflects an extraordinary level of player interest,” said Stephen Durrell, Powerball Product Group Chair and Kansas Lottery Executive Director. “Ticket sales for last night’s drawing exceeded expectations and increased more than 86% compared to the previous Monday drawing.
“We’re also continuing to see strong participation from both new players in the United Kingdom and millions of Americans who join in as the jackpot reaches the $1 billion mark.”
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The $1 billion jackpot is for an annuity option, paid over 30 years. Winners almost always opt for the lump-sum cash prize, which for Powerball would be $433.1 million.
The prize is subject to taxes , which includes an automatic federal withholding of 24% and another 13% in federal taxes when you file your 2026 return.
There are also state taxes in most jurisdictions, which range from 2.9% to 10.9% depending on the state you live in. But if you’re lucky enough to live in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you won’t pay any state taxes on your winnings.
No one has won Powerball’s jackpot since May 2, a stretch of 44 consecutive drawings without anyone matching the game’s six numbers.
Wednesday’s $1 billion jackpot is the eighth biggest in Powerball history. The largest lottery jackpot in U.S. history stands at $2.04 billion and was won by a single Powerball ticket in California on Nov. 7, 2022. The winner, Edwin Castro, came forward in early 2023 after months of speculation.
The reason for the jackpot drought is simple: The odds of winning the top prize are miserable, at 1 in 292.2 million. It’s those odds that create the large jackpots that are designed to attract attention and drive up sales.
Powerball is played in 45 states plus Washington, D.C., Puerto Rico, the U.S. Virgin Islands and the United Kingdom.
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