The Powerball jackpot has climbed to $426 million after no one matched all the winning numbers in Saturday’s drawing. But if someone wins, they won’t take home the full amount—taxes will take a big chunk.
### Key Details:
- **No Winners Yet:** The winning numbers from Saturday were **6, 18, 34, 35, 36**, and the Powerball was **2**. Since no one won, the prize grew to $426 million for the next drawing on **Monday night**.
- **Two Payout Options:**
- **Annuity:** $426 million paid over **30 years** (smaller yearly payments).
- **Lump Sum:** A one-time payment of **$193.5 million** (most winners pick this).
- **Taxes Cut the Winnings:**
- **Federal Tax (24% upfront):** The lump sum drops to **$147 million** after the first tax cut.
- **Additional Federal Tax (up to 37%):** Depending on the winner’s income, the final amount could shrink to around **$121.9 million**.
- **State Taxes:** Some states (like **New York at 10.9%**) take even more, while others (**California, Florida, Texas**) charge nothing.
### What’s Next?
- The next drawing is **Monday at 10:59 PM EDT**. If no one wins, the jackpot will keep growing.
### Fun Facts:
- **Odds of Winning:**
- **Jackpot:** 1 in **292.2 million**
- **$1 Million Prize (match 5 numbers):** 1 in **11.6 million**
- **Biggest Recent Win:** A **California** player won **$526 million** in March—and kept more since the state doesn’t tax lottery wins.
In short: Winning millions sounds amazing, but after taxes, it’s a lot less!
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