WATCH: New York state lottery drawings live daily at 2:30 p.m. and 10:30 p.m. and Wednesdays and Saturdays at 8:15 p.m. Powerball drawings are also streamed here on Monday, Wednesday, and Saturday at 10:59 p.m. Mega Millions drawings are streamed on Tuesday and Friday at 11:00 p.m. ALSO READ | Woman pleads guilty to stealing cousin's $1 million New York State Lottery jackpot, * Download the abc7NY app for breaking news alerts. In case you didnt know already, the Powerball was first known as Lotto America. Watch the Powerball drawing live on abc7NY.com at 10:59 p.m. on Mondays, Wednesdays, and Saturdays. The Role of Luck in Winning Jackpots: Myth Vs. Despite the sizeable share that goes to taxes, the windfall would be more than most people see in a lifetime. 2023 CNBC LLC. It provides a multimillion-dollar boost to the bank balance immediately, allowing you to make bigger purchases straight away. Current est. But it is something that boosts your confidence and also recovers your ticket cost. WATCH THE POWERBALL DRAWING LIVE ON ABC7NY.COM AT 10:59 PM MONDAY, 2. Powerball is a multi-state lottery game that regularly offers jackpots worth hundreds of millions of dollars. The rate of federal tax varies from 24 percent to 37 percent depending on individual circumstances but will be the higher figure if you have no major reductions to your taxable income such as large charitable contributions. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. It is not endorsed by or affiliated with any state, multi-state or national lottery provider. It is not endorsed by or affiliated with any state, multi-state or national lottery provider. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. State tax rate, amount. But if you match only few numbers then you have to check Powerball Payout page to know how much you won. If you choose annuity payments, then you have to pay all the taxes each year on the gross amount for that particular year. There are 9 ways to win a prize in Powerball. Heres what you need to know about taxes on Powerball jackpots, See how much money youll get in every annual installment if you choose an annuity payment, This is how much money youll take home if you opt for a cash jackpot payment. There are two options you can choose to get your winnings, One is Annuity and second is cash. Year. This increment is because of money inflation rate. The Powerball starts at a low $40 million and keeps growing until someone wins the grand prize. Some states in the US may deduct some amount from your jackpot for child care, or to help some NGOs. While the top winner was not from the Tri-State area, officials say three tickets worth $1 million each were sold in New York. Within this Powerball Jackpot analysis, we take a look at the history, winners and Mega Millions rivalry. $2,423,281.05. At some places you can choose this after winning the jackpot, So for that information you need to contact the lottery office in your jurisdiction. We did a research to gather the data of the Powerball jackpot, and only then we are able to provide you an audit of it. Sat, Mar 04, 2023 @ 12:00 AM. We try to keep things updated, but consulting an attorney is the best idea to manage your funds. In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. The largest Powerball jackpot ever won was in January 2016, when three winners split a prize advertised at $1.586 billion. https://s3.amazonaws.com/cdn.powerball.com/drupal/files/2017-12/how-tall-desktop_0.jpg. The amount of tax can be check by the tax calculator above. The Powerball Jackpot is always worth at least $20 million and to win it you need to match all six numbers - the five main white balls plus the red Powerball. Stacey Sager has more. The multiplier number is randomly selected just before each drawing. State Tax:- State taxes in the US varies between 0% to 10% and is independent of payout value. Jackpot Analysis. 02 09 28 36 53 04. 15 11 times. Jackpot Type Annuity Cash Lump Sum; Jackpot: $20,000,000: $10,800,000: Federal Tax (37% . The jackpot has been growing since early June when a single ticket sold in Florida won $286 million. State taxes may frequently change by the state governments to manage the revenue and cash flow. If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. Wednesday, July 6, 2022. State taxes could also be due, depending on where the ticket was purchased and where you live. The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion pretax if you were to opt to take your windfall as an annuity spread over . With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night's drawing. Send it to Eyewitness News using the form below. Mega Millions Jackpot Analysis. You can check state tax for your residing state on Powerball Analysis page. At the time of writing, all the state tax percentages are correct, but It may change anytime, and this data might be outdated. Next year, the top rate is imposed on income above $578,125 (individuals) and $693,750 (married couples). * Please Note: In addition to federal and state tax, some cities and counties may also levy an additional local income tax, which will be applied on top of all other tax. You can check state tax for your residing state on Powerball Analysis page. There are 5 white balls, from numbers 1-69, and one red Powerball. Jackpotfinder is in no way liable for any loses or gains, from wagers placed or other gambling activity, you might encounter as a result of acting on these articles. That is something very technical, so better to consult an expert in this matter. Each took their share of the cash value, which added up to $983.5 million. Avg. . Depending on where the ticket is purchased, you get anywhere from three months to a year to claim your prize. If you choose annuity then you will get the amounts in 30 parts for next 29 years. $1.586 billion Jan. 13, 2016; California, Florida, Tennessee. Whether the winner would choose an annuity or the reduced lump sum, taxes would take a big bite out of the prize. Players must be 18 or over to participate in online lotteries. The history books show that the largest jackpot win ever to date was in October 2016. Media: You may freely use any information on this page, but you must credit usamega.com. Copyright Multi-State Lottery Association. Matching one number doesn't win you a lot of money. This function works perfectly for lower-tier prizes but is disregarded should you win hit the jackpot. This deep Analysis of Powerball lottery Jackpot will give you a clear idea about how much money you get and how much will be the tax deduction. The Associated Press contributed to this report. You can find the latest payouts, past Powerball and Mega Millions numbers, and much more about both games. If the winner were to go with the lump sum, $187.8 million would be withheld for federal taxes and that would likely be just the start. We show both the initial mandated federal withholding of 24% as well as the remaining federal taxes that will be due. That winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history. You will get the net cash payout of $80.0 Million if you want to. Got a confidential news tip? 41 11 times. Both prizes available are the amounts before taxes, Powerball said. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times! States try to put heavy taxes on Lottery Jackpot winnings. USA is America's leading lottery resource. Two were purchased in Nassau County: one at Barefoot Peddler on Glen Cove Road in Greenvale, the other at Farmingdale Petroleum on Oyster Bay Road in Hicksville. More Jackpots. Powerball's top prize is $457 million for . Frequency of single numbers (Main Ball) 68 15 times. Please note that the materials published on this website are for informative and entertainment purposes only. The 30 payments added up equal the value of the annuity. It was only a couple of months later in 1988 when the institution initiated the Lotto America. 27, 2019; Wisconsin. Although the US Powerball was launched officially in 1992, the Multi-State Lottery Association was formed at the end of 1987. The table below shows the difference between Annuity payments and Cash Lump Sum. But this is not the case for remaining eight payout, each winner will get the prize amount individually. 35 13 times. Powerball is a multi-state jackpot game with life-changing starting jackpots. The US Powerball costs $2 per play. Data is a real-time snapshot *Data is delayed at least 15 minutes. POWERBALL AND MEGA MILLIONS LOTTERY RESULTS. The winner also can opt for a one-time cash payment of $407.2 million. Check out a payout analysis of the current Powerball jackpot below. And an analysis of jackpot payouts by Annuity payments and Cash Lump Sum. Powerball-MegaMillions.com brings you the winning numbers live today, straight after drawings take place. There is a second option, which is an Annuity option, and in this, you can get your jackpot amount in 30 installments. Otherwise it is out of the game. Powerball payout starts from $4, and that can be win by matching one number only. 39 11 times. The installment will increase by 5% each year. The Lottery analysis. $754.6 million, Powerball, Feb. 6, 2023 (one ticket, from Washington), 10. See the Payouts from the latest drawing. Other professionals also should be brought in to help, including a tax advisor and a financial advisor. To buy the option for Power Play, youll need to pay an additional $1 on-top of your ticket price. Thank You for Signing Up for our Newsletter. Year number is also mentioned in each box. Get this delivered to your inbox, and more info about our products and services. Federal tax is universal in whole US but state taxes are different for each state. Yet more would likely be due to the IRS at tax time. This Analyzer will calculate all 30 installments which you are going to get upcoming 29 years. There is a Power Play option in this Lottery. 2023 CNBC LLC. Lowest and Highest Powerball Jackpot. Most winners prefer the immediate cash prize. Sign up for free newsletters and get more CNBC delivered to your inbox. For you, this is going to get a hectic task to do it by yourself. You can't deny paying this tax. Sort of, anyway. Since then, there have been 38 drawings with no grand prize winner. When you are choosing the Annuity option, then you should be aware of how much money you will get each year. First is a federal tax, and second is a . The overall odds of winning a prize are 1 in 24.87. This Analyzer will calculate all 30 installments which you are going to get upcoming 29 years. The cash amount is a lump sum amount that you will at the time of claim. Lottery officials said in a statement early Tuesday that a . Lump-sum payment after tax. Powerball is a multi-state lottery game played in the United States. 33 10 times . In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. Whats so loved about both the Powerball and Mega Millions lottery is the no-cap limit. Everyone is not going to win a huge amount by matching 5 or 6 numbers in each draw. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Some other notable wins include 2019s $768.4 million won by a 24-year-old man in Wisconsin. Draw History . 56 11 times. The figure went down in history as the third largest US win ever. You might need to pay some local taxes in your region if the government imposes those on you. You have to pay the taxes on that amount by yourself. As an introduction to this Powerball jackpot analysis, you may learn a great deal more about the US lottery. Additionally, it's worth sharing the news with as few people as possible, experts say. The drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. The Powerball jackpot grows until it is won. Rate this games. These days, the annuity option is bigger than it previously was, relative to the cash option, due to higher interest rates that make it possible for the game to fund larger annuitized prizes, according to the Multi-State Lottery Association, which runs Powerball. The chance of your ticket hitting the jackpot in that game is roughly 1 in 302 million. The cash option, which most jackpot winners choose, is $215.2 million for Powerball . This development was huge for both lottery companies with now 47 states offering both Mega Millions and Powerball options. The Powerball is the largest jackpot win to date, when three lucky players shared a prize of $1.586 billion between them. View a size of the current PowerBall lottery jackpot. Jackpot Analysis. Thus, online lottery operators such as theLotter or Lotto Agent, act as the middleman to help you participate. You'll find out the advertised annuity and lump sum amounts, along with their ultimate worth after taking into account federal and state tax. Powerball costs $2 per play. So people can win prizes according to the different types of payouts. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, from Maryland). Prize amount of Match 5 main numbers will be multiplied by 2 only even if the multiplier is more than of it. So the final amounts may be different from the amounts mentioned above. Even if there are more tickets sold in a particular drawing, your odds of winning a prize are the same. Powerball lottery result for August 28, 2022, Sunday 's draw is 13, 36, 43, 61, 69, 18. Did you know your odds of winning a prize are the same in every Powerball drawing? If you are viewing the Jackpot Analysis for a past drawing date, . Check with your local authority to see if this applies to you. All winning tickets must be redeemed in the state/jurisdiction in which they are sold. Get this delivered to your inbox, and more info about our products and services. $2.04 billion Nov. 7, 2022; California. State Tax:- State taxes in the US varies between 0% to 10% and is independent of payout value. Enter the state where you purchased your ticket to see how much more is taxed. Within this Powerball Jackpot analysis, we take a look at the history, winners and Mega Millions rivalry. The Show Me feature allows you to view the winning numbers on your desktop without the need to open your browser. Not nearly that much, How much a car loan could cost, based on credit score, Free returns at retailers may soon be a thing of the past, Affluent shoppers embrace secondhand shopping. Gross payout is not the amount you are going to get in hand. . More from Personal Finance:How much a car loan could cost, based on credit scoreFree returns at retailers may soon be a thing of the pastAffluent shoppers embrace secondhand shopping. The concept is intriguing and certainly makes the Powerball a more universal lottery. jackpot $143 Million. Whether it's a small payout or a large one, You have to pay federal and state taxes. Your chance of hitting either game's jackpot with a single ticket is miniscule. The winner also should make a copy of their ticket and store the original in a safe place (i.e., a lockbox or a bank safe deposit box). Assuming you were like most winners and chose the cash option, a 24% federal tax withholding would reduce the $782.4 million by $187.8 million. You can also view the Powerball annuity payout table further down, which details the amount a single winner of the jackpot would receive each year from their lucky win should they choose the annuity option. Before 2010, states would either sell Mega Millions or Powerball lottery tickets. And this analyzer will evaluate the jackpot and break it down in thirty parts. So if you need all the money at one time to establish a business or a store, then this is a good idea to take full payment at once rather than taking in installments. Powerball costs $2 per play. These are the 30 break up of $113 Million Jackpot those you will get each year respectively. Making sensible investments could even lead to an even larger return than the annuity option. Over the years, the US Powerball grew in popularity stretching to a total of 45 States in addition to the District of Colorado, Puerto Rico and the US Virgin Islands. 53 12 times. If you are already earning much apart from the lottery jackpot winning amount, then you may fall in higher tax rates. It also works as a tax calculator, so that you can see how much is withheld, whether you want to take the annuity or the cash lump sum. Powerball Analysis & Results: Drawing date: 03-01-2023. $632.6 Million - Jan. 5, 2022 - CA, WI, 1. The headline prize climbed . Lotteries may take the tax percentage before paying you the money. To get the best outcome for your investment in lottery tickets, then you have . And, more would likely be owed to the IRS at tax time. Meanwhile, Mega Millions' jackpot is $119 million, or $57.7 million in cash, according to the Mega Millions website, for Friday night's drawing. The table shows the breakdown of annuity payout and tax for each year. If you matched all 6 numbers then you win a Jackpot. The first Powerball was drawn on April 19th, 1992. Multiplier can be 2x, 3x, 4x, 5x, or 10x. Jackpot wins 5. You have a 1 in 24.9 chance of winning a prize when the advertised jackpot is $40 million. Results Statistics Jackpot . You can check it by clicking the button below. Cash Payout:- You can opt to get the Jackpot payout in cash at the time of the claim. $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts), 9. I have fixed federal tax to 37% because the Jackpot amount is always more than $20 Million, and that's the percentage for that much money. POWERBALL HISTORICAL NUMBERS. They express the views and opinions of our contributors. This makes it important for winners to get professional guidance before heading to lottery headquarters. Ask for Power Play with your Powerball purchase! Home; Jackpot Alerts; Lottery Post; Search (text only) . I have set the Federal tax to 37% because of the jackpot amount. Did you match some numbers in this recent draw? A Division of NBCUniversal. Check the Lottery news for winning numbers and winners. The other $1 million ticket was sold in Lower Manhattan, at Liberty News and Gifts inside the Staten Island Ferry Terminal. The cash option, however, is driven by ticket sales. $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin), 8. So let me tell you that It increases your installment amount by 5% each year. The US Powerball is the biggest lottery jackpot payout to this date. Established in 1995, Lottery Born in a devout Catholic family, his dear mother still believes that he's a sports news journalist. We also get your email address to automatically create an account for you in our website. You can check history and match your numbers in those past draws. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. * Don't forget to pay taxes on your winnings. Have a breaking news tip or an idea for a story we should cover? Spin and Win With 1XBET App: Amazing Prizes Are Waiting for You! We want to hear from you. $1.586 billion, Powerball, Jan. 13, 2016 (three tickets, from California, Florida, Tennessee), 3. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. $1.537 billion, Mega Millions, Oct. 23, 2018 (one ticket, from South Carolina), 4. Nevertheless, the winner would end up with more money than most people see in a lifetime. These annuity payments you will get if you choose annuity option at the time of buying ticket. Reality. The cash option for this jackpot is $782.4 million, just under half the annuitized value. The cash value which most big lottery winners choose instead of an annuity for this $620 million jackpot is $446 million. $687.8 Million - Oct. 27, 2018 - IA, NY, 10. Use the slider to see the height of your dream jackpot. There are two types of taxes you need to pay on your jackpot-winning amount. 1. This amount will be less than the actual Jackpot amount because of the tax deductions. 12 12 times. Power Play: 4x. Match Payout; 5 + PB: 5: $1 Million: 4 + PB: $50K: 4: $100: 3 + PB: $100: 3: $7: 2 + PB: $7: 1 + PB: $4: Only PB: $4: This Payout chart shows the prize amount in 9 different tiers. Powerball drawings are held every Monday, Wednesday and Saturday at 11:00 pm. $1.35 billion, Mega Millions, Jan. 13, 2023 (one ticket from Maine), 5. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. Three lucky players were fortunate enough to win the $1.586 billion prize. Annuity payment information including yearly payment before and after tax. The cash value which most big lottery winners choose instead of an annuity for this $620 million jackpot is $446 million. Jackpot winners who choose an annuity payout will receive their winnings over the next thirty years. Powerball costs $2 per play. You have two options to get paid. Data is a real-time snapshot *Data is delayed at least 15 minutes. 7:40 am - $366.7 million Powerball jackpot won in Vermont. On Wednesday and Saturday at 10:59 pm Eastern Time. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. The Role of Luck in Winning Jackpots: Myth vs. Don't be sad, You still win some prize and that is better than nothing. We have listed down all the Powerball payouts in a chart. Also, according to the best jackpot site ratings, it has the most user-friendly online facility compared to another jackpots in the US. While some jurisdictions have no income tax or do not tax lottery winnings others impose a top tax rate of more than 10%. Select a state to view the Jackpot Analysis for Powerball and MEGA Millions including the following information: Current jackpot amount, cash option lump-sum amount. And the multiplier is 3 X. Last Modified Date:- February 28, 2023. The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less. We stop selling Powerball tickets at 10 pm on draw nights, so make sure to get your tickets early. The first Powerball was drawn on April 19 th, 1992. Breakdown of Powerball Jackpot's annuity payout is listed down below. This is the case when all of your . Give it a try! You only need to select the residing state of your residence, and this calculator will evaluate all the taxes and final take-home amount in Powerball lotto for you. Sign up for the free email newsletter and keep track of where the Powerball jackpot is headed. As well as taxes that must be paid in order to receive your prize. Gross Annuity Value. Is the Smithsonian Institution in Washington, D.C. a small building? All Rights Reserved. Powerball Jackpot Analysis. Powerball Jackpot Analysis. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. 2 B 2 B 1 B 816 M 408 M 0. All Rights Reserved. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. 10X Multiplier comes into play when the jackpot prize is less than $150 million. The top federal income tax rate is 37% and this year applies to income above $539,900 for individual tax filers and $647,850 for married couples. Lottery officials said in a statement early Tuesday that a single ticket matched all six numbers and that ticket sales pushed the jackpot higher than an earlier $747 million estimate. The annual payments increase by 5% until the 30th and final payment. This deep Analysis of Powerball lottery Jackpot will give you a clear idea about how much money you get and how much will be the tax deduction. By reaching out to the online lottery sites, youll find that you can pretty much play the US Powerball, as well as other lotteries worldwide, siting in your living room. And, if you would like to learn more about strategies that actually work, take a glimpse at our in-depth guides to win the jackpot. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois), 6. A federal withholding of 24% would reduce the lump sum by $54 million. Powerball's top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. If there's a winning ticket, it would be the 10th-largest lottery prize won and still $980 million behind the largest ever: a $1.6 billion Powerball prize won in January 2016. These 30 parts you will get for the next 30 years. In this section you can find out about the current size of the PowerBall lottery jackpot. Powerball gives you an extra benefit which you might not know. There are nine different payouts in Powerball lottery of the US. This increment is because of money inflation rate. Select the number of consecutive drawings you want to play in the Multi-Draw or Advance Play section of your play slip or tell the retailer how many drawings you wish to play. The first part of the annuity you will get right away when you claim your jackpot and the next 29 amounts you will get for the next 29 years. Monday night's win was the first Powerball jackpot win since Nov. 19. No. This payout inclusion in Powerball increases the overall chance of winning. However, on January 31st, 2010, states started buying-in to the idea of the Mega Power Lottery. Reality, Understanding the Legality of Online Casino Gambling, The Dark Side of Jackpot Wins: Coping with the Aftermath, Exploring the Thrills of Online Casino Gambling, Risks and Rewards of Online Casino Gambling. decimal places). It should be borne in mind that payments will increase by 5% from year to year. If you take the annuity and die before the payments have finished, the remaining money gets paid to your estate. Powerball gives you an extra benefit which you might not know. Net payout is what you will get after paying all the payments. Updated: All Rights Reserved. There are some ways you can save some money from the taxes imposed on your lottery winnings, but for that, you need to hire an expert in that area. This complete analysis gave you a rough idea about how much tax you might need to pay. Approximate (lump sum) cash amount is around 60% of the advertised jackpot. Players win a prize by matching one of the 9 Ways to Win. Its worth mentioning that winners can choose between having the cash all in one go or by selecting an annuity, where they get paid yearly for 30 years with a 5% interest rate. But what happens if you match only few numbers? ET. Super Jackpot Party Slots Machine Jackpot Analysis. The annuity option may not be as attractive for older players, but it does guarantee a very healthy income for the next three decades. The payouts are graduated so they increase 5 percent year-on-year. What the debt limit standoff means for you, These year-end tax moves may help you save. $2.04 billion, Powerball, Nov. 8, 2022 (one ticket, from California), 2. . Sign up for free newsletters and get more CNBC delivered to your inbox. Biggest jackpot $2.04 Billion. Powerball is played in 45states, Washington DC, Puerto Rico and the US Virgin Islands! Whenever you choose annuity rather than cash amount in the Powerball lottery then you need a clear information about how much money you are going to get each year. Powerball Cash Option amount will be paid at the time of claim. To check the Cash Option amount you can use the following calculator. Visit the Jackpot Analysis to see a breakdown of the current annuity and lump sum payouts and how federal and state taxes affect them. So if you opt this option by paying $1 additional then you can multiply your winning amount by a multiplier. It set a new record for the largest lottery prize of all time when a Californian player won over $2 billion in November 2022. Annuity Payout:- If you choose this option, then you will get the Jackpot amount in 30 installments. The number of Multi-Draws or Advance Plays available for purchase is dependent on the selling jurisdiction. Here for the Jackpot amount, you always fall on a 37% tax category. So what would you pay in taxes if you were to beat the odds and land the jackpot? The Mega Millions jackpot has reached an estimated $405 million for Friday night's drawing after no ticket matched all six numbers drawn Tuesday. These are the Powerball winning numbers in past 50 lottery draws. To this date, the 2018 October 23 rd jackpot win of $1.537 billion is the second largest jackpot win of all time. Each play is $2. Material 2023 Powerball-MegaMillions.com. Can A Roulette Cheat Sheet Help You Win More At The Online Casino? And that's the reason to promote the lottery They broke down the prizes in 9 tiers. Owned by the Multi-State Lottery Association, the Powerball is held bi-weekly. To play Powerball, you must purchase a ticket from a licensed retailer in one of the . Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower. When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. The largest jackpot ever won was a $1.6 billion prize in January 2016. In the early 2000s, the lottery service introduced the Power Play multiplier. First is the main Jackpot pay off which is going to be . Federal Tax ( 24 %) State Tax ( 4 %) Net Total.