Updated
Updated · Forbes · Jul 21
Powerball Jackpot Climbs to $567 Million After No Ticket Hits 6 Numbers
Updated
Updated · Forbes · Jul 21

Powerball Jackpot Climbs to $567 Million After No Ticket Hits 6 Numbers

3 articles · Updated · Forbes · Jul 21

Summary

  • $567 million is now at stake for Wednesday night’s Powerball drawing after no ticket matched all six numbers in Monday’s draw.
  • The next winner can choose either 30 annual payments or a $251.8 million cash option, which would fall to about $191.4 million after the mandatory 24% federal withholding.
  • At the top 37% federal rate, the cash payout would shrink further to roughly $158.6 million, while some states would also tax winnings and others, including Texas, Florida and California, would not.
  • The jackpot is the second lottery prize above $550 million this year, trailing Mega Millions at $707 million, while Powerball’s jackpot odds remain 1 in 292.2 million.

Insights

As Powerball goes international tomorrow, how will new UK players change the game for Americans?
After 62 players won with a number pattern, should you rethink your strategy for choosing numbers?