The Powerball jackpot has grown to $643 million, the largest grand prize in more than a year.
Here are Wednesday’s winning numbers: 31, 59, 62, 65, 68, 5. The PowerPlay was 2x. No winner has been announced yet.
The $643 million prize is for a sole winner who makes the rare decision to be paid over 30 years through an annuity. Nearly all winners instead take the cash option, which for Wednesday night’s drawing would be $290.6 million.
The prize is subject to taxes, which includes an automatic withholding tax of 24% levied against the winnings, and another 13% in federal taxes when you file your 2025 return.
There are also state taxes in some jurisdictions, which range from 2.9% to 10.9% depending on the state you live in. But if you’re lucky enough to live in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington or Wyoming, you won’t pay taxes on your winnings.
No one has won Powerball’s jackpot since May 31, 2025, a stretch of 35 consecutive drawings without anyone matching the game’s six numbers. Before that, the jackpot was hit eleven times, however, the winnings were all under $600 million. The last time the cash prize was over that amount was on April 6, 2024 when a winning ticket in Oregon hit the billion-dollar jackpot.
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The largest lottery jackpot in U.S. history stands at $2.04 billion and was won by a single Powerball ticket in California on Nov. 7, 2022. The winner, Edwin Castro, came forward in early 2023 after months of speculation.
The reason for the jackpot drought is simple: The odds of winning the top prize are miserable, at 1 in 292.2 million. It’s those odds that create the large jackpots that are designed to attract attention and drive up sales.
Powerball is played in 45 states plus Washington, D.C., Puerto Rico and the U.S. Virgin Islands. Drawings are held at 10:59 p.m. EST at the Florida Lottery studio in Tallahassee.
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