Hoping to strike it rich and win the $267 million Powerball jackpot on September 26? If your ticket has Saturday night’s winning numbers, you will become the lottery’s newest mega-millionaire. Of course, there’s always a chance you will have to share the jackpot with a player who picked the same numbers, but with this much money up for grabs there’s plenty to go around.
The winning numbers for September 26 are: 23, 31, 42, 50, 57 PB 5
— Pennsylvania Lottery (@PALottery) September 26, 2015
It’s been almost two months since the Powerball jackpot was given away, with NBC reporting that one ticket holder in Los Angeles, California, won $110 million. Although the last drawing on September 22 did not produce a winner (8-29-41-51-58 PB 5), there were plenty of non-jackpot prize winners.
Powerball.com reports that 934,063 ticket holders won $11,383,236 worth of non-jackpot prizes worth between $4 and $1 million. Five winners scored a cool $1 million each (CA, ID, NJ, WI) and one extra-lucky winner in Colorado paid an extra $1 Powerplay feature and doubled their $1 million prize.
— iConvey (@iconvey) September 25, 2015
If luck is on your side and you win Saturday night’s Powerball jackpot, you will take home quite a bit less than $267 million. For winners who choose a one-time payout, the prize is based on the cash value of the jackpot which is currently $169 million. After federal taxes and state taxes are deducted from the prize amount, you will still be taking home a lot of money — even if you have to split the pot with another player or players.
Here’s how it all breaks down so you can start dreaming about what you will do with your windfall if you end up beating the 175 million to 1 odds.
According to USA Mega’s Powerball jackpot analysis, if you are the sole winner of the September 26 jackpot, you will get a check for approximately $126,750,000 after 25 percent in federal taxes is withheld. An additional amount will be deducted for state taxes unless you live in California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, or Wyoming. Those states currently do not tax lottery winnings.
Winners who don’t want their prize money in one lump-sum payment have the option of receiving the entire $267 million jackpot split up over 30 years. The winner can expect to receive 30 annual payments of $8,900,000 before state and federal taxes are deducted. The first payment is typically made after the winning ticket is verified by lottery officials, with 29 yearly checks to follow.
Purchase a Powerball ticket for $2 at lottery retailers in 44 States; Washington, D.C.; Puerto Rico; and the U.S. Virgin Islands.
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