The post Powerball Jackpot Hits $775 Million—Here’s What The Winner Could Take Home appeared on BitcoinEthereumNews.com. Topline The Powerball jackpot rose to $775 million—the third biggest lottery prize of 2025 so far—after no tickets matched all six numbers drawn on Monday night, although the eventual winner will take home a much smaller amount after taxes and deductions. The Powerball jackpot rose to $775 million after Monday night’s drawing. AFP via Getty Images Key Facts The six numbers drawn on Monday night were 5, 18, 26, 47, 59 and Red Powerball 1. If a winner emerges in the next draw, they can choose between taking the $775 million prize split over 30 annual installments or a one-time cash payment of $362.5 million—the preferred choice for most winners. If the lump-sum option is chosen, the winnings will first drop to around $275.5 million after a mandatory federal withholding of 24% is applied. The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $228.4 million. If the installment route is picked, the winner’s annual payments of around $25.8 million would fall to $16.3 million after the 37% federal marginal rate is applied. 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’t. Big Number 1 in 292.2 million. Those are the astronomical odds a Powerball ticket buyer must overcome to win the jackpot prize. This is worse than the Mega Millions jackpot’s already poor odds of 1 in 290.4 million. Read More Source: https://www.forbes.com/sites/siladityaray/2025/12/02/powerball-jackpot-rises-to-775-million-heres-what-the-winner-could-take-home-after-taxes/The post Powerball Jackpot Hits $775 Million—Here’s What The Winner Could Take Home appeared on BitcoinEthereumNews.com. Topline The Powerball jackpot rose to $775 million—the third biggest lottery prize of 2025 so far—after no tickets matched all six numbers drawn on Monday night, although the eventual winner will take home a much smaller amount after taxes and deductions. The Powerball jackpot rose to $775 million after Monday night’s drawing. AFP via Getty Images Key Facts The six numbers drawn on Monday night were 5, 18, 26, 47, 59 and Red Powerball 1. If a winner emerges in the next draw, they can choose between taking the $775 million prize split over 30 annual installments or a one-time cash payment of $362.5 million—the preferred choice for most winners. If the lump-sum option is chosen, the winnings will first drop to around $275.5 million after a mandatory federal withholding of 24% is applied. The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $228.4 million. If the installment route is picked, the winner’s annual payments of around $25.8 million would fall to $16.3 million after the 37% federal marginal rate is applied. 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’t. Big Number 1 in 292.2 million. Those are the astronomical odds a Powerball ticket buyer must overcome to win the jackpot prize. This is worse than the Mega Millions jackpot’s already poor odds of 1 in 290.4 million. Read More Source: https://www.forbes.com/sites/siladityaray/2025/12/02/powerball-jackpot-rises-to-775-million-heres-what-the-winner-could-take-home-after-taxes/
Topline
The Powerball jackpot rose to $775 million—the third biggest lottery prize of 2025 so far—after no tickets matched all six numbers drawn on Monday night, although the eventual winner will take home a much smaller amount after taxes and deductions.
The Powerball jackpot rose to $775 million after Monday night’s drawing.
AFP via Getty Images
Key Facts
The six numbers drawn on Monday night were 5, 18, 26, 47, 59 and Red Powerball 1.
If a winner emerges in the next draw, they can choose between taking the $775 million prize split over 30 annual installments or a one-time cash payment of $362.5 million—the preferred choice for most winners.
If the lump-sum option is chosen, the winnings will first drop to around $275.5 million after a mandatory federal withholding of 24% is applied.
The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $228.4 million.
If the installment route is picked, the winner’s annual payments of around $25.8 million would fall to $16.3 million after the 37% federal marginal rate is applied.
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’t.
Big Number
1 in 292.2 million. Those are the astronomical odds a Powerball ticket buyer must overcome to win the jackpot prize. This is worse than the Mega Millions jackpot’s already poor odds of 1 in 290.4 million.
Read More
Source: https://www.forbes.com/sites/siladityaray/2025/12/02/powerball-jackpot-rises-to-775-million-heres-what-the-winner-could-take-home-after-taxes/
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