No one won Monday's Powerball. Now $716 million is up for grabs.
#DEC
#Georgia
#law
#Li
#WHO
#wildfire
#wildfires
Someone could win an estimated $716 million in Wednesday’s Powerball drawing after no ticket matched all six numbers on Monday.The jackpot has gone for more than 30 drawings without a winner, since Aug. 12, when a single ticket sold in Illinois won $1.04 billion. Monday still produced a couple of big winners.
Two tickets, one sold in Florida and one in Georgia, matched all five white balls and won $1 million each.What are the odds of winning Powerball?The odds of winning a Powerball jackpot are 1 in 292.2 million.To put that into perspective, the National Weather Service estimates the odds of being struck by lightning in a given year at about 1 in 1.2 million.
That means you’re roughly 240 times more likely to be struck than to win the jackpot with a single ticket.A ticket is far more likely to win a smaller prize. The overall odds of winning any prize are 1 in 24.9.What are the biggest Powerball wins?The most recent jackpot winner, who chose to remain anonymous, won $1.04 billion on Aug.
12, the eighth-largest Powerball prize since the game began in 1992. Illinois law allows lottery winners of over $250,000 to keep their identities hidden. The largest jackpot ever won, $2.04 billion, went to Edwin Castro, who bought the winning ticket at Joe’s Service Center in Altadena, Calif., in 2022. Castro has generally kept a low profile, but the Wall Street Journal reported in 2025 that he spent about $10 million on 15 lots in his hometown after devastating wildfires in January 2025.Top 10 Powerball jackpots:$2.04 billion, Nov.
7, 2022, California$1.817 billion, Dec. 24, 2025, Arkansas$1.787 billion, Sept. 6, 2025, Missouri and Texas$1.765 billion, Oct. 11, 2023, California$1.586 billion, Jan. 13, 2016, California, Florida and Tennessee$1.326 billion, April 6, 2024, Oregon$1.08 billion, July 19, 2023, California$1.04 billion, Aug. 12, 2026, Illinois$842.4 million, Jan.
1, 2024, Michigan$768.4 million, March 27, 2019, WisconsinHow much could the $716 million Powerball jackpot winner actually take home?There are two ways for potential winners to claim a jackpot — either in a one-time lump-sum payment or an annuity paid out over 29 years. A jackpot winner who selects the annuity will receive one immediate payment followed by 29 annual payments that increase by 5% each year, the Powerball website states.
However, both options are subject to federal and jurisdictional taxes.The $716 million figure is for the annuity option, paid in yearly installments. The lump sum cash value is $307.2 million, according to the Powerball website.Lump sum winners will then face a 24% federal withholding tax plus additional federal taxes from being in the top tax bracket, bringing the total to as high as 37%.
A lump-sum winner would be left with roughly $193.5 million before state taxes.This article originally appeared on Yahoo News at https://www.yahoo.com/news/us/article/no-one-won-mondays-powerball-now-716m-is-up-for-grabs-114106917.html