The prize swells to $905 million after 42 consecutive drawings without a winner, offering a $391.9 million cash option.
The Powerball jackpot has climbed to $905 million for tonight’s drawing, the 43rd since the last winner. Winners can choose between annual payments or a lump sum of $391.9 million. The odds of winning remain 1 in 292.2 million.
Federal taxes on lottery winnings include a 24% withholding on prizes over $5,000, with additional top-tier rates applying to large sums. State taxes may further reduce the payout. Most winners opt for the lump sum despite lower total value.
No immediate market reaction is tied to the jackpot increase, though lottery sales often surge as prizes grow.