The next Powerball drawing is Wednesday, Sept. 27 and the current estimated jackpot is $835 million with a cash value option estimated to be $390.4 million.
The Powerball jackpot is reaching new heights as the uber-elusive win continues to evade lottery players.is Wednesday, and the current estimated jackpot is $835 million with a cash value option estimated to be $390.4 million.worth $2 million for the drawing on Sept. 20 that matched all five white ball numbers but not the red Powerball number.
The winnings for a Texas resident would be taxed as income, and if you’ve hit the jackpot you can definitely expect to be in the top-tier tax bracket, which is currently at 37%. Keep in mind, though, that the odds of winning a Powerball jackpot are one in nearly 300 million, so your chances of actually getting that big payday are nearly zilch.
Prizes less than or equal to $5,000,000, and that are not paid by annuities, may be claimed at Texas Lottery claim centers in Austin, Dallas, Fort Worth, Houston and San Antonio, according toPrizes greater than $5,000,000, all Lotto Texas, Powerball and Mega Millions jackpot prizes and any prizes paid by annuity must be processed at Texas Lottery headquarters in Austin.
In reference to Wednesday’s Powerball drawing — any player who matches all five numbers for the Power Play will win $2 million regardless of the Power Play number selected and all other non-grand prizes will be multiplied by the Power Play number selected.Drawings are broadcast each Monday, Wednesday and Saturday at 10:12 p.m.
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