Winning Powerball Numbers August 8: Watch Jackpot Drawing Live Streaming Online

What are the winning Powerball numbers for August 8, and how can you watch the drawing live online? Saturday night’s jackpot stands at $50 million — enough to make life a little more comfortable for the ticket holder who matches all six numbers in the popular lottery game.

Watch the Powerball drawing at 10:59 p.m. ET on any of these TV stations, or by using the lottery’s free LotteryHUB app for iPhone or Android smartphones and tablets. The jackpot drawing is also broadcast live online on Wednesday and Saturday nights. The winning numbers will also be posted here shortly after the drawing.

There was no winner in the last drawing on August 5 (9-11-14-16-42, PB 19 Power Play 2), so the jackpot increased from $40 million to $50 million for tonight’s drawing. The last time the jackpot was given away was August 1 — one lucky lottery player in California started the month out with a big win of $110 million.

If you beat the 175.2 million to one odds and win the Powerball jackpot on Saturday night, you will have to choose between a one-time lump sum payment or a 30-year annuity.

According to US Mega, winners who pick the annuity option will get a payment for approximately $1.25 million per year after 25 percent federal taxes are taken out. State taxes will also be deducted from the payment unless you live in a state that does not tax lottery winnings.

The lump sum payment is based on the cash value of the jackpot, so don’t expect to get $50 million. Instead, the lottery will issue a one-time payment of $31.9 million before federal and state taxes are deducted. For example, if you live in New York, the lump sum payment would be $21,111,420 after federal taxes (25 percent) and state taxes (8.82 percent).

Don’t throw away your Powerball ticket if you don’t win the jackpot. There’s a chance that you could win a non-jackpot prize ranging from $4 to $1 million. There was $4.3 million in non-jackpot prizes given away in the last drawing on August 5 with two winners (California, Louisiana) taking home $1 million each for matching five white balls but no Powerball.

Match all five white balls and win $1 million, or match four white balls and the Powerball and win $10,000. Smaller prizes include $100 for matching either four white balls or three white balls and the red Powerball; $7 for matching just three white balls or two white balls and the Powerball; and $4 for matching one white ball and the Powerball or just the Powerball.

Powerball tickets are $2 each, but lottery players who pay an extra $1 for the Powerplay option have a chance to multiply the amount of their non-jackpot prize by up to five times the amount.

[Image: Getty Images]