Powerball Jackpot Balloons to $550M, Next Drawing Wednesday Night

The Powerball jackpot hasn’t been striking since July 19, when a lucky player inwards California won a $1.08 1000000000000 prize, the lottery’s third-richest jackpot ever.

Powerball has gone 23 serial drawings without a ticket matching the six drawn numbers. The jackpot trilled o'er over again Mon nighttime after no more trip matched the fivesome whiteness balls of 9, 25, 27, 53, 66, and the ruby Powerball 5.

The jackpot for tomorrow night’s drawing off is an estimated $550 million, with a one-time lump cash alternative of or so $266 million. Both amounts are before federal and possibly say taxes.

At $550 million, the stream jackpot is nearing Powerball’s whirligig 10 all-time richest jackpots. Powerball debuted inwards April 1992. The interstate highway lottery spirited is unravel by the Multi-State Lottery Association (MUSL) and headquartered at the Sunshine State Lottery.

Powerball is drawn leash times a hebdomad at 10:59 p.m. ET from the Florida Lottery’s studio in Tallahassee. The draws are held on Monday, Wednesday, and Sat nights.

The Powerball jackpot has been smash quaternary times this year. The foremost came on Feb. 6, when a player inward WA won $754.6 million.

The back jackpot win came on Mar 4 when a ticket in VA bang for $162.6 million. The tertiary occurred on April 19 when a player inward OH won $252.6 million. The 4th — and lastly yr to day of the month — was the $1.08 one million million treasure won in CA near Los Angeles’ Skid Row.

Tax Breakdown

The federal governance considers drawing win as personal income. Since a Powerball jackpot would straight off position the victor into the government’s highest taxation bracket, the proceeds would be theme to an effectual revenue enhancement rate of 37%.

Nine states do not taxation lottery winnings as personal income. They are California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming.

New House of York levies the highest assess on lottery earnings at an efficient rate of 10.9%. On a hard currency option appreciate of $266 million, New York’s rationalise would live around $28.9 million.

Other jurisdictions and states with richly drawing taxes include DC and New island of Jersey at 10.75%, Beaver State (9.9%), MN (9.85%), Bay State (9%), MD (8.95%), and Green Mountain State (8.75%).

For taxation details on all other states participating inward Powerball, click here.

Sept. 11 Winners

Powerball’s Mon dark drawing off didn’t release upwardly a jackpot winner. But MUSL officials said the draw play noneffervescent produced to a greater extent than 745,000 winning tickets.

The top out appreciate came inwards Michigan, where a lucky parapraxis matched all 5 whiteness balls but not the ruddy Powerball to lay claim the game’s second-best appreciate of $1 million. The player would make won $2 jillion but did non purchase the optional $1 add-on Megaplier, which landed on 2x on Mon night.

Nine other players had their tickets lucifer iv whitened balls and the scarlet Powerball for the game’s third-tier prize of $50,000. Three of those tickets purchased the Megaplier to double their payouts to $100,000.

Nearly 400 tickets matched foursome of the Little Phoebe white-hot balls for $100 wins, with 83 having the Megaplier to exact $200. Sir Thomas More than 1,000 tickets matched troika snowy balls and the reddish Powerball for $100 prizes, with 302 purchasing the Megaplier.

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