Topline
The Powerball jackpot climbed to $681 million—the third biggest lottery prize of 2025 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 has risen to $681 million.
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Key Facts
The six numbers drawn on Monday night were 8, 16, 26, 30, 58 and Red Powerball 14.
If a winner emerges in the next draw, they can choose between taking the $681 million prize split over 30 annual installments or a one-time cash payment of $315.7 million—the preferred choice for most winners.
If the lump-sum option is chosen, the winnings will first drop to around $240 million after a mandatory federal withholding of 24% is applied.
The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $199 million.
If the installment route is picked, the winner’s annual payments of $22.7 million would fall to $14.3 million after the 37% federal marginal rate is applied.
Depending on their state of residence, the winner could face additional taxes, as some states, such as New York, tax lottery winnings at 10.9%, while others, such as Texas, Florida, and California, don’t.
Big Number
1 in 292.2 million. Those are the astronomical odds a Powerball ticket buyer will have to overcome to win the jackpot prize. This is even worse than the Mega Millions jackpot’s already poor odds of 1 in 290.4 million.
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Source: https://www.forbes.com/sites/siladityaray/2025/11/25/powerball-jackpot-rises-681-million-heres-what-the-winner-could-take-home-after-taxes/
