Saturday's Powerball jackpot is an estimated $760 million, with a cash value of $326.0 million, after no ticket matched all six numbers in Wednesday's drawing. The official Powerball site lists Wednesday's numbers as 11, 13, 16, 47 and 60, with a Powerball of 13 and a 2x Power Play. Nobody matched the five white balls for the $1 million or $2 million prizes either.
The drawing is at 10:59 p.m. Eastern (7:59 p.m. Pacific) on Saturday, October 31. Tickets cost $2 per play. Powerball is sold in 45 states, Washington, D.C., Puerto Rico, the U.S. Virgin Islands and, since July, the United Kingdom.
What the jackpot is worth after taxes
The advertised figure is the annuity: 30 payments that rise each year, spread over 29 years. A winner who takes the lump sum gets the cash value instead. Both amounts are before taxes, as the Multi-State Lottery Association noted Wednesday.
| Saturday, Oct. 31 jackpot | Amount |
|---|---|
| Annuity, before taxes | $760 million over 29 years |
| Cash option, before taxes | $326.0 million |
| 24% federal withholding on the cash option | $78.2 million |
| Cash left after federal withholding | $247.8 million |
Lottery payers must hold back 24% of any prize over $5,000 for federal income tax, according to the IRS instructions for Form W-2G. The top federal rate for 2026 is 37%, on income above $640,600 for single filers and $768,700 for married couples filing jointly, so a jackpot winner will owe more than the 24% withheld when filing. State income tax depends on where the ticket was bought and where the winner lives.
The odds and the history
The chance of winning the jackpot with one $2 play is 1 in 292,201,338, according to the Powerball prize chart. The odds of winning any prize are 1 in 24.87, and most of those prizes are $4 or $7.
No one has won the jackpot since August 12, when a ticket sold in Illinois hit for $1.04 billion. At $760 million, Saturday's prize would sit just below the 10th-largest Powerball jackpot on the lottery's own list, $768.4 million won in Wisconsin in March 2019. The record is $2.04 billion, won in California in November 2022.
This is also the first jackpot run in which UK players have been buying in from the start. The lottery association says their sales add to the jackpot without changing the odds or the prize structure. If a UK player wins, the cash value goes to the UK National Lottery, which pays it out over 30 years.
If Saturday's drawing produces no winner, the next one is Monday, November 2.
