Powerball Jackpot Hits $633 Million: How Much Could Winner Take Home After Taxes?

Are you planning on playing Powerball? The jackpot has now reached a massive $633 million after no winning ticket was drawn on Saturday night.

The six numbers drawn were 3, 4, 24, 36, 47, and the Powerball number 17.

When’s the Next Drawing?

The next drawing for anyone looking to get in on the action is scheduled for Monday night at 10:59 p.m. ET. If no winner emerges again, the jackpot will continue to climb.

You can watch a livestream of the drawing on the Powerball website, as well as its YouTube channel.

The odds of winning the Powerball jackpot are astronomical. Players have roughly a 1-in-292-million chance of hitting all six numbers, but matching all five white balls can still earn a $1 million prize — although those odds are also extremely difficult to overcome.

How Much Could a Winner Take Home After Taxes?

One of the biggest questions surrounding lottery jackpots is how much money a winner actually gets to keep. So, how much could someone take home if they win the $633 million jackpot on Monday night?

Zachary Folk of Forbes broke down the potential payouts on Sunday.

A winner would have a few options when deciding how to receive their money.

They could take the full $633 million through 30 annual payments or choose the lump-sum option, which would be worth approximately $277.3 million. After the 24% federal withholding tax, that lump sum would drop to about $210.7 million.

The winner would also likely fall into the highest federal income tax bracket, which could push the total federal tax rate to 37% and reduce the payout to approximately $174.7 million.

If the winner chooses the annuity option, the 30 annual payments increase by 5% each year. While it would take nearly three decades to receive the full amount, the winner could potentially collect around $400 million after federal taxes over the lifetime of the payments.

Related: One Powerball Ticket Is Still Worth $1 Million—but Not for Much Longer

This story was originally published by Men’s Journal on Jul 26, 2026, where it first appeared in the News section. Add Men’s Journal as a Preferred Source by clicking here.