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Powerball Jackpot Surges Past $500 Million Amid Recent Big Wins and Near Misses

1 min read
Source: Forbes
Powerball Jackpot Surges Past $500 Million Amid Recent Big Wins and Near Misses
Photo: Forbes
TL;DR

The Powerball jackpot has risen to $501 million after no winners, with winners able to choose between annual payments or a lump sum of $229.5 million. After federal and state taxes, the take-home amount decreases significantly, with the highest possible after taxes being around $144.6 million for a lump sum. The next drawing is scheduled for August 11, and the jackpot continues to grow if no winner is found.

Topics:businesslottery#jackpot#lottery#lump-sum#powerball#taxes#winners
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  1. Powerball Jackpot Rises Above $500 Million—Here’s How Much The Winner Could Take Home After Taxes  Forbes
  2. Powerball winning numbers for Aug. 9 drawing: $479 million jackpot  USA Today
  3. Powerball numbers, Aug. 9, 2025: Who won lottery jackpot last night? Lotto results, drawing time  IndyStar
  4. Check your tickets! 3 winning Powerball tickets sold in Ohio  WHIO-TV
  5. Powerball player misses $479 million jackpot in Pennsylvania — but wins big  Miami Herald

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