Particle.news

Download on the App Store

Powerball Jackpot Climbs to $449 Million After No Ticket Matches All Numbers

Potential jackpot winners now weigh a $203.9 million cash option against a $449 million annuity, with federal withholding followed by state levies shrinking payouts

Image
Image
A Mega Millions lottery ticket is purchased and printed in the BP on Woodward Avenue in Detroit on Tuesday, Aug. 8, 2023.
Image

Overview

  • Monday’s drawing produced no grand prize winner, lifting the jackpot to an estimated $449 million for the Wednesday, Aug. 6, drawing.
  • Two tickets matched five numbers to win $1 million each in Pennsylvania and Vermont while a Texas ticket using Power Play claimed a $2 million prize.
  • Winners will choose between a 30-year annuity or a one-time cash payment valued at $203.9 million before taxes.
  • A mandatory 24% federal withholding cuts the lump-sum payout to about $155 million, with further deductions in high-tax states such as New York.
  • Players face long odds of 1 in 292.2 million to hit the jackpot and 1 in 24.9 to win any Powerball prize.