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    Home»Business»$1.7 billion Powerball jackpot up for grabs in Saturday night drawing
    Business

    $1.7 billion Powerball jackpot up for grabs in Saturday night drawing

    adminBy adminSeptember 4, 2025No Comments3 Mins Read
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    Check out what’s clicking on FoxBusiness.com.

    The Powerball jackpot sits at an estimated $1.7 billion ahead of Saturday night’s drawing, making it the third-largest prize in the game’s history.

    The pot grew after no ticket matched all six numbers from Wednesday night’s drawing. It now has an estimated cash value of $770.3 million, according to the lottery.

    The white balls drawn on Wednesday were 3, 16, 29, 61 and 69. The red Powerball was 22.

    VIRGINIA WOMAN TAKES HOME SEVEN-FIGURE SUM AFTER PURCHASING ‘WRONG’ LOTTERY TICKET

    The Powerball jackpot has risen to an estimated $1.7 billion after no tickets matched the numbers drawn for the $1.4 billion grand prize on Wednesday. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images / Getty Images)

    Eleven winners nationwide scored a $1-million prize after matching all five white balls. Those tickets were sold in California (two), Colorado, Florida, Georgia (two), Illinois, Maryland, Minnesota, Ohio and Pennsylvania. 

    Four players in Michigan, Oregon, Texas and Wyoming increased their winnings to $2 million by selecting the Power Play option for $1 more.

    When a lucky player does win the jackpot, they can receive the money in annual installments or a lump sum payment. If the annuity option is selected, the player receives an immediate payment followed by 29 annual payments that increase by 5% every year.

    Powerball ticket seen in store

    While the grand prize was not won on Wednesday, 11 people nationwide won $1 million prizes for matching all five white balls and four people nationwide won $2 million prizes for doing the same with the Power Play option selected. (William Thomas Cain/Getty Images / Getty Images)

    The winner will walk away with much less after a 37% federal tax rate, based on IRS estimates.

    LOTTERY COMPANY SENT INACCURATE NOTIFICATIONS OF MASSIVE WINNINGS TO ‘THOUSANDS’

    Some winners will also face a state tax ranging from 3% to 11%, though California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming don’t tax lottery winnings. 

    The jackpot was most recently won on May 31, 2025, in California. There have been 33 consecutive drawings without a grand prize winner since then.

    2025 Powerball jackpots

    • May 31: $204.5 million in California
    • April 26: $167.3 million in Kentucky
    • March 29: $526.5 million in California
    • Jan. 18: $328.5 million in Oregon
    Powerball

    The next Powerball drawing will take place on Saturday, Sept. 6. Players have a 1 in 292.2 million chance of winning the grand prize. (GIORGIO VIERA/AFP via Getty Images / Getty Images)

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    The odds of winning a prize are 1 in 24.9, while the odds of winning the jackpot are 1 in 292.2 million, according to Powerball.

    The next drawing is on Saturday, Sept. 6, at 10:59 p.m. ET.



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