Topline
The Powerball jackpot rose to $930 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.
Powerball jackpot rose to $930 million.
Los Angeles Times via Getty Images
Key Facts
The six numbers drawn on Monday night were 8, 32, 52, 56, 64 and Red Powerball 23.
If a winner emerges in the next draw, they can choose between taking the $930 million prize split across 30 annualized payments or a lump-sum cash prize of $429 million—the preferred choice for most winners.
If the cash payout is chosen, the winnings will first drop to around $326 million after a mandatory federal withholding of 24% is applied.
The winner would also face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $270 million.
If the installment route is picked, the winner’s annual payments of $31 million would fall to $19.5 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.
Surprising Fact
A Powerball ticket buyer will need to overcome astronomical odds of 1 in 292.2 million to win the jackpot prize. This is worse than the Mega Millions jackpot’s already poor odds of 1 in 290.4 million.
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Source: https://www.forbes.com/sites/siladityaray/2025/12/09/powerball-jackpot-rises-to-930-million-heres-what-the-winner-could-take-home/
