Powerball Jackpot Soars To $567 Million—Here’s What The Winner Could Take Home
The Powerball jackpot has risen to $567 million after no tickets matched the latest draw. Winners can choose between a $251.8 million lump‑sum cash option or 30 annual installments, both subject to significant federal and state taxes. The eventual net payout will be considerably lower after mandatory withholdings and marginal tax rates are applied.
- ▪The winning numbers drawn were 2, 9, 44, 53, 59 and the Powerball 8.
- ▪A cash payout of $251.8 million would be reduced to roughly $191.4 million after a 24% federal withholding, and further to about $158.6 million after the highest marginal tax rate of 37%.
- ▪Choosing the annuity option yields about $18.9 million per year, which drops to roughly $11.9 million after applying the 37% federal marginal tax rate.
- ▪State taxes vary, with states like New York imposing a 10.9% tax, while Texas, Florida, and California levy no state tax on lottery winnings.
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| Canonical URL | https://www.forbes.com/sites/siladityaray/2026/07/21/powerball-jackpot-soars-to-567-million-heres-what-the-winner-could-take-home/ |
| Publication time | Tue, 21 Jul 2026 02:31:34 -0400 |
| Retrieval time | 2026-07-21T07:17:04.326Z |
| Last seen | 2026-07-21T07:17:04.326Z |
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BreakingBusinessPowerball Jackpot Soars To $567 Million—Here’s What The Winner Could Take HomeBySiladitya Ray,Forbes Staff. Siladitya Ray is a New Delhi-based Forbes news team reporter.Follow AuthorJul 21, 2026, 02:31am EDTToplineThe Powerball jackpot rose to $567 million—the second biggest lottery prize of the year 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.The Powerball jackpot soared to $567 million after Monday night's drawing.Getty ImagesKey FactsThe six numbers drawn on Wednesday night were 2, 9, 44, 53, 59 and Red Powerball 8.If there’s a winner in the next draw, they will get to choose between taking the $567 million split across 30 annual installments or a…
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