Powerball jackpot reaches $1.10 billion – NBC New York

The Powerball jackpot has leaped to $1.10 billion after there have been no huge grand prize winners in Saturday’s drawing.

Wednesday’s successful numbers are 3, 18, 22, 27, 33 with a crimson Powerball of 17 and a PowerPlay multiplier of three. That resulted in three $2 million winners in Colorado, Indiana and New Hampshire and 9 $1 million winners in Florida, Connecticut, Illinois, Massachusetts, Pensilvania and 4 in California.

The $1.10 billion jackpot is for an annuity possibility, paid over 30 years. Winners nearly at all times go for the lump-sum money prize, which for Powerball could be $498.4 million money.

The prize is topic to taxes, which incorporates an computerized withholding tax of 24% levied towards the winnings, and one other 13% in federal taxes while you file your 2025 return.

There are additionally state taxes in some jurisdictions, which vary from 2.9% to 10.9% relying on the state you reside in. However should you’re fortunate sufficient to reside in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you will not pay taxes in your winnings.

The subsequent Powerball drawing is on Monday, Sep. 1, 2025.

Nobody has gained Powerball’s jackpot since Could 31, 2025, a stretch of 38 consecutive drawings with out anybody matching the sport’s six numbers. Earlier than that, the jackpot was hit eleven occasions, nevertheless, the winnings have been all below $600 million.

Saturday’s $1.10 billion prize is important however nonetheless does not crack the highest 10 of the biggest lottery jackpots within the U.S. when together with Mega Thousands and thousands.

The biggest lottery jackpot in U.S. historical past stands at $2.04 billion and was gained by a single Powerball ticket in California on Nov. 7, 2022. The winner, Edwin Castro, got here ahead in early 2023 after months of hypothesis.

The explanation for the jackpot drought is straightforward: The percentages of successful the highest prize are depressing, at 1 in 292.2 million. It is these odds that create the massive jackpots which might be designed to draw consideration and drive up gross sales.

Powerball is performed in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Drawings are held at 10:59 p.m. EST on the Florida Lottery studio in Tallahassee.

“The lesson didn’t actually go in response to plan.” Math professor Nicholas Kapoor purchased a Powerball ticket to display how inconceivable it’s to win the lottery – after which he gained $100,000. Right here’s what he needs you to find out about taking part in the Powerball.