Powerball Jackpot Reaches $633 Million—Here’s What A Winner Could Take Home After Taxes
The Powerball jackpot has grown to $633 million after no winner was drawn on Saturday night, July 25, 2026. The next drawing is Monday night. A winner choosing the lump sum option of about $277.3 million would face a 24% federal withholding tax, reducing it to $210.7 million, and a 37% marginal rate, bringing the final take-home to approximately $174.7 million. The annuity option offers 30 annual payments growing 5% each year, totaling about $400 million after federal taxes. State taxes vary, with New York taxing up to 10.9% while Texas, California, and Florida have no tax on lottery winnings. Saturday's drawing was the second to include U.K. players after the lottery expanded there, potentially accelerating jackpot growth. The odds of winning the grand prize remain 1 in 292.2 million.
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