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Powerball Prize Climbs to $426 Million as After-Tax Lump Sum Falls to $121.9 Million

Tonight’s drawing at 10:59 p.m. Eastern carries odds of 1 in 292.2 million for hitting all six numbers

Powerball tickets in New Jersey.
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Overview

  • The jackpot reached $426 million after no tickets matched the numbers 6, 18, 34, 35, 36 and Powerball 2 in Saturday’s drawing.
  • Winners can choose a 30-year annuity totaling $426 million or a one-time cash option of $193.5 million before taxes.
  • A 24 percent federal withholding tax and a potential 37 percent top-bracket rate reduce the lump sum to about $121.9 million.
  • State tax rates vary widely, with New York imposing 10.9 percent and California, Florida and Texas charging no lottery tax.
  • Tickets cost $2 per play and tonight’s drawing at 10:59 p.m. Eastern presents 1 in 292.2 million odds for the jackpot.