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The Powerball jackpot grew to $719 million — the third-largest lottery prize of 2025 so far — after any ticket matched all six numbers drawn Wednesday night, though the eventual winner will take home a much smaller payout after taxes and deductions.
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important facts
The six numbers drawn on Wednesday night were 7, 8, 15, 19, 28 and Red Powerball 3.
If a winner emerges in the next draw, they can choose between dividing the $719 million prize into 30 annual installments or a lump sum cash payment of $333.3 million – the preferred option for most winners.
If the lump sum option is chosen, winnings will first reduce to approximately $253.3 million after the mandatory federal withholding of 24% is applied.
The winner will likely face a federal marginal rate of up to 37% based on their taxable income, reducing the winning amount to approximately $210 million.
If the installment route is chosen, the winner’s annual payout of approximately $24 million would fall to $15.1 million after the 37% federal marginal rate is applied.
Depending on their state of residence, winners may face additional taxes, as some states, such as New York, impose a 10.9% tax on lottery winnings, while others, such as Texas, Florida, and California, do not.
what to see
The next Powerball jackpot drawing is scheduled for Saturday night.
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