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Powerball Jackpot Hits $461 Million—Here’s How Much The Winner Could Take Home After Taxes

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There was no winner in Saturday’s drawing.
Topline
Monday’s Powerball drawing will be for $461 million, with the jackpot going up after no winner was chosen Saturday night—though anyone who wins that prize will actually take home substantially less cash, given the taxes levied on any winnings.Key Facts

No winner was chosen in Saturday’s drawing, in which the winning numbers were 6, 7, 25, 46 and 57, with 12 as the red Powerball number.

If someone wins Monday’s drawing, they can win $461 million spread out over 30 annualized payments, or do what most winners do and take a lump cash sum, which will be $217.2 million.

A federal mandatory withholding of 24% would be applied to the lump cash sum, which would take the winnings down to about $165 million.

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