The $1.3 billion Powerball jackpot has now risen to become the biggest lottery prize since April 2024.
Key Facts
The six numbers drawn on Monday night were 8, 23, 25, 40, 53, and red Powerball 5.
If a winner emerges in the next draw, they can choose between taking the $1.3 billion prize spread over 30 annualized payments or a one-time lump sum cash payout of $589 million—the preferred choice for most winners.
If the lump sum payment is chosen, the winnings will drop to around $447.6 million after a mandatory federal withholding of 24% is applied.
Depending on their taxable income, the winner could face a federal marginal rate as high as 37%, which would further reduce their winnings to $371 million.
