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Powerball Jackpot Grows to $748 Million-Here’s How Much A Winner Could Take Home After Taxes
Forbes • • general
Key Points:
- The Powerball jackpot has increased to $748 million after no winning tickets were drawn on Saturday night, though the actual payout will be significantly reduced by taxes.
- The next Powerball drawing is scheduled for Monday night at 10:59 p.m. EDT and can be watched live on the official Powerball website or YouTube channel.
- The odds of winning the Powerball jackpot are 1 in 292.2 million, requiring players to match five white balls and the red Powerball number.
- While no one won the jackpot on Saturday, six players won seven-figure prizes by matching all five white balls, including three in California, one in Maryland, one in Texas, and one in Virginia who doubled their $1 million prize to $2 million by purchasing the Power Play option.
- The odds of winning the $1 million second-tier prize are about 1 in 11.6 million, highlighting the difficulty of securing large lottery winnings.
