$1.6B Powerball Jackpot to Be Drawn Monday, but the Odds Still Aren't in Your Favor
The $1.6 billion Powerball jackpot offers a lump sum estimated at $588.8 million after federal taxes, with eight $1 million Match 5 tickets sold across multiple states.
- On Dec. 22, 2025, the Powerball jackpot has reached $1.6 billion for the drawing at 10:59 p.m. ET, ranking as the fifth-largest U.S. jackpot.
- A string of rollovers occurred because lottery officials cite a 2015 Powerball rule change that made jackpots larger, inflating the $1.6 billion prize.
- Payout choices include an annuitized $1.60 billion prize or a lump-sum about $735.3 million, reflecting Monday's estimated jackpot cash value.
- After federal taxes, Forbes estimates indicate a lump-sum would be reduced to $463.2 million due to a 24% federal withholding and 37% top federal marginal tax rate.
- The odds highlight that the chance of winning the jackpot is one in 292.2 million, players across 45 states, Washington, D.C., Puerto Rico and the U.S. Virgin Islands are urged to check tickets, and eight Match 5 tickets worth $1 million each were sold.
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$1.6B Powerball jackpot to be drawn Monday, but the odds still aren’t in your favor
By OLIVIA DIAZ Powerball will be drawing its winning lottery numbers Monday night for a record 46th time since its last jackpot was claimed, as a string of failed sweepstakes ballooned the top prize to $1.6 billion. So far, it’s the 5th-largest jackpot in U.S. history after more than three months without a Powerball winner. The game’s long odds created a massive windfall that has enticed people to splurge on $2 tickets ahead of the live drawing …
I advise lottery winners. People are shocked by how little guidance you get — here's what to do if you win the Powerball.
Emily Irwin advises lottery winners on how to spend their money.Courtesy of Wells FargoThe Powerball jackpot has reached $1.6 billion. There's another drawing on Monday night.After winning the jackpot, lottery winners get little advice on how to spend their money.Here's what Wells Fargo's Emily Irwin recommends you do if you win the Powerball jackpot.Households across the US will be awaiting Monday night's Powerball drawing with fingers crossed,…
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