Powerball Jackpot Hits $681 Million—Here’s What The Winner Could Take Home
The post Powerball Jackpot Hits $681 Million-Here’s What The Winner Could Take Home appeared com. Topline The Powerball jackpot climbed to $681 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 payout after taxes and deductions. The Powerball jackpot has risen to $681 million. Getty Images Key Facts The six numbers drawn on Monday night were 8, 16, 26, 30, 58 and Red Powerball 14. If a winner emerges in the next draw, they can choose between taking the $681 million prize split over 30 annual installments or a one-time cash payment of $315. 7 million-the preferred choice for most winners. If the lump-sum option is chosen, the winnings will first drop to around $240 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 $199 million. If the installment route is picked, the winner’s annual payments of $22. 7 million would fall to $14. 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 will have to overcome to win the jackpot prize. This is even worse than the Mega Millions jackpot’s already poor odds of 1 in 290. 4 million. Read More Source:.
