Powerball jackpot to hit $2 Billion, becomes 2nd largest prize ever

The Powerball jackpot is expected to surge to $2 billion sooner or might surpass the figure and become the largest Powerball prize of history.

Lottery treasure is at $1.7 billion currently as of September, 04, 2025 after no winning tickets matched all six numbers in Wednesday’s drawing.

The eventual winner, however, will take home substantially less after mandatory tax withholdings and payout options.

As of current offer, if winners emerge in Saturday, September 06, 2025 drawing, they must choose between a $770.3 million lump sum or 30 annual payments totaling $1.7 billion.

The cash option selected by most winners in history, would immediately drop to approximately $585.4 million after the mandatory 24% federal withholding.

Depending on the winner’s tax bracket, an additional 13% federal tax could apply, potentially reducing the final amount to around $485.3 million.

Residents of high-tax states like New York (10.9%) would see significant deductions, while those in Texas, Florida, and California would avoid state-level lottery taxes.

The annuity option would distribute roughly $56.6 million annually before taxes, with similar reductions applied each year.

The jackpot has grown since July 2025, due to 38 consecutive drawings without a grand prize winner. The odds remain overwhelmingly against players 1 in $292.2 million.