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- Saturday’s Powerball jackpot reached an estimated $760 million ($326 million cash value) after Wednesday’s drawing produced no six-number winners.
- United Kingdom players now contribute to the shared prize pool via Allwyn UK, receiving 30-year annuities without cash options.
No ticket matched all six numbers Wednesday. So the Powerball jackpot keeps rolling, and it’s not just Americans chasing it.
Saturday’s estimated Powerball jackpot is $760 million, with a cash value of $326 million. The drawing is at 10:59 p.m. EDT.
Wednesday’s numbers were 11, 13, 16, 47 and 60, with a Powerball of 13. Nobody matched the five white balls for $1 million, either.
That pushed the jackpot up $37 million in one drawing, to $723 million.
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Where the Powerball jackpot ranks now
At $760 million, Saturday’s jackpot sits just outside the top 10 on Powerball’s list of its largest jackpots.
The one before it came this year. A ticket sold at Hy-Vee Gas in Quincy, Illinois, won $1.04 billion on Aug. 12, the eighth-largest Powerball jackpot ever.
That win reset the game. Saturday’s drawing is the 34th since.
Next up the list is $768.4 million, won in Wisconsin in 2019. Saturday’s estimate is $8.4 million short.
What does a $760 million Powerball jackpot pay?
Less than $760 million. A lot less.
Nearly all jackpot winners in the U.S. take the cash option, which is $326 million for Saturday. The IRS requires 24% federal withholding on both traditional lottery and online lottery prizes of this size. That takes about $78.2 million off the top before a winner sees a dime.
And that’s not the final bill. The top federal income tax rate is 37%, and most states tax lottery winnings on top of that.
The odds of hitting the jackpot are 1 in 292.2 million, per Powerball.
Can players in the UK win the Powerball jackpot?
Yes. And this is the first Powerball run with UK tickets in the pool from the first drawing.
Powerball tickets went on sale in the United Kingdom on July 21 through the UK National Lottery, run by Allwyn UK. The first drawing open to UK players was July 22, partway through the run that ended in Illinois.
UK tickets feed the same jackpot pool. Each one contributes the same fixed U.S. dollar amount per play as a ticket bought in the U.S., per Powerball, with 49 lotteries now pooling money for the jackpot.
The rest of the game isn’t identical. UK players have their own lower-tier prize structure. UK jackpots are paid over 30 years, The Associated Press reported, with no cash option like the one U.S. winners get.
The UK advertises a different jackpot figure, too. It converts the currency and, unlike the U.S., quotes prizes after tax, per Powerball.
Bet with your head, not over it. Call 1-800-GAMBLER if you have a gambling problem.
So far, the $760 million is still sitting there for anybody on either side of the Atlantic. As Andria Vidler, CEO of Allwyn, said when Powerball announced the UK launch in July:
“We’ll be crossing our fingers for our first UK winner.”
