powerball and mega millions current jackpots

The change to the Powerball’s formula increased the number of white ball numbers from 59 to 69, while decreasing the pool of red Powerball numbers from 35 to 26. Key BackgroundĪll of the top ten biggest jackpots were claimed in the past seven years, after a pair of rules changes to the Powerball and Mega Millions rearranged the formula needed to win, leading to more small prizes being doled out but making the grand prize harder to attain, driving up the dollar figure of the jackpots. After federal taxes are withheld, including a 24% mandatory federal tax withholding and a federal marginal rate up to 37%, a winning ticket holder’s lump sum would be whittled to $292.4 million, before state taxes are withheld. If a ticket holder matches the five white balls and red Mega Millions ball to win the grand prize, that winner has the option of taking an up-front lump sum or 30 annual payments. The Mega Millions sneakily crept to a $910 million jackpot this week in the shadow of a massive $1.08 billion Powerball jackpot drawn earlier this month.

August 23, 2017The Powerball hit a $758.7 million jackpot, won by Mavis Wanczyk on a ticket purchased in Chicopee, Massachusetts.

Powerball and mega millions current jackpots