Powerball Jackpot$716 Million
Cash value: $307.2 Million
32 drawings without a jackpot winner · last won on Aug 12, 2026 ($1.04 Billion, Illinois)
Powerball payout calculator (after taxes)
Lump sum (cash option)
$193,536,000
after taxes
- Cash value
- $307,200,000
- Federal tax (37%)
- −$113,664,000
- California tax (0%)
- −$0
Annuity (30 payments over 29 years)
$451,080,000
total after taxes
- First payment (after tax)
- $6,789,401
- Last payment (after tax)
- $27,946,097
- Yearly increase
- +5%
California does not tax lottery winnings.
Estimates only: federal tax computed at the top 37% bracket (24% is withheld at payout, the rest is due when you file), state rates are approximate 2026 top rates. Local taxes, deductions and your personal situation can change the result — talk to a tax professional before claiming a prize.
Take-home cash by state
Estimated lump-sum payout of the current jackpot after federal (37%) and state taxes. Click a state for its winners history and local payout details.
Latest Powerball jackpot winners
| Date | Jackpot | Cash value | Winning state |
|---|---|---|---|
| Aug 12, 2026 | $1.04 Billion | $450.5 Million | Illinois |
| May 2, 2026 | $20 Million | $9 Million | Florida, Texas |
| Apr 29, 2026 | $143 Million | $65.2 Million | Indiana, Kansas |
| Apr 6, 2026 | $231 Million | $104.9 Million | Delaware |
| Mar 2, 2026 | $251 Million | $118 Million | Arkansas |
| Jan 21, 2026 | $209 Million | $95.3 Million | North Carolina |
AI prediction for Oct 28
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Powerball jackpot FAQ
How much is the Powerball jackpot tonight?+
The estimated Powerball jackpot for Wednesday, October 28, 2026 is $716 Million, with a cash value of $307.2 Million. The advertised figure is the annuity value paid over 30 years; the cash option is a single lump-sum payment.
How much would I take home after taxes?+
Taking the cash option, a winner would keep roughly $193.5 Million in a state with no lottery tax (Texas, Florida, California…) and about $160.1 Million in New York, after the 37% federal top bracket and state taxes. Use the calculator above for your state.
Lump sum or annuity: which is better?+
The lump sum (cash value) is usually 45–50% of the advertised jackpot, paid at once. The annuity pays the full advertised amount in 30 graduated payments over 29 years, each 5% larger than the previous one. Most winners choose the cash option, but the annuity protects against overspending and can be better if you would not invest the money.
What are the odds of winning the Powerball jackpot?+
The odds of matching all 5 white balls and the red Powerball are 1 in 292,201,338. The overall odds of winning any prize are 1 in 24.87. No method, including ours, can change these odds — our AI tools help you pick balanced, statistically diverse combinations.
When is the next Powerball drawing?+
Powerball is drawn every Monday, Wednesday and Saturday at 10:59 PM Eastern Time. The next drawing is Wednesday, October 28, 2026. Ticket sales usually close 1 to 2 hours before, depending on the state.
How fast does the Powerball jackpot grow?+
The jackpot starts at $20 million and increases after each drawing without a jackpot winner, depending on ticket sales and interest rates. Big runs accelerate quickly: past $500 million, it often rises by $50–100 million per drawing as sales surge.
Jackpot estimates come from the Multi-State Lottery Association and may change before the drawing. Powerball AI is an independent statistics service, not affiliated with MUSL or any state lottery. Must be 18+ (19+ in Nebraska, 21+ in Arizona, Iowa, Louisiana and Mississippi) to play. Play responsibly — 1-800-GAMBLER.