Powerball Winner Won't Receive Full $1 Billion After Taxes
A single ticket bought at a Hy-Vee gas station in Quincy, Illinois won Wednesday's $1.04 billion Powerball jackpot. The winning numbers were 4, 26, 66, 67, 69 and Powerball 9.
- $450.5 million lump sum is the alternative to the full annuity payout.
- 1-in-292.2 million were the odds of matching all six numbers.
- Eighth-largest Powerball jackpot ever awarded, per lottery organizers.
- More than 3 million tickets won smaller cash prizes in the same drawing.
Why it matters: The advertised jackpot overstates what the winner keeps. Taxes and payout structure cut the actual take-home substantially.
- 24% federal withholding reduces the $450.5 million lump sum to roughly $342.4 million upfront.
- Illinois's 4.95% state tax would remove an additional $22.3 million from the lump-sum payout.
How 37 sources split on this story
Center coverage, 22 sources: The center focuses on the practical details: where the ticket was sold, other prize winners in the same drawing, and upcoming drawing dates.
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Associated Press1w+Winning ticket for $1 billion Powerball jackpot was sold in Illinois
Chicago Tribune1w+Winning ticket for $1 billion Powerball jackpot was sold in IllinoisCECincinnati Enquirer1w+Single Powerball ticket hits $1.04 billion jackpot, 8th-largest everLeft coverage, 7 sources: The left emphasizes the historic scale of the jackpot and the structural changes — including U.K. expansion — that have made billion-dollar prizes more common.
NBC News1w+Single ticket bought in Illinois wins $1 billion Powerball jackpot
The Independent1w+Winning ticket for $1 billion Powerball jackpot was sold in IllinoisCleCleveland.com1w+Mega Millions numbers: Are you the lucky winner of Friday’s $90 million jackpot?
ABC News1w+Powerball player in Illinois wins $1 billion jackpotBosBoston.com1w+Winning ticket for $1 billion Powerball jackpot was sold in IllinoisSFCSan Francisco Chronicle1w+Northern California Powerball ticket wins $820,520
The Washington Post1w+$1 billion Powerball jackpot has a winnerRight coverage, 8 sources: The right highlights the gap between the headline jackpot and the actual after-tax payout, walking through each layer of federal and state deductions.
New York Post1w+Gas station that sold $1B lottery ticket thinks they'll soon know who won: 'Like a murder mystery'
Daily Mail1w+Powerball winner in Illinois scoops $1 billion jackpot
Fox News1w+Small town buzzing over identity of its $1B Powerball winner: ‘Like a murder mystery’
Just the News1w+Winning $1.04 billion Powerball ticket sold in Illinois
Newsmax1w+Illinois Ticket Wins $1.04 Billion Powerball Jackpot
NTD1w+Powerball Ticket in Illinois Wins $1.04 Billion Jackpot
The Epoch Times1w+Winning Ticket for $1 Billion Powerball Jackpot Was Sold in Illinois
The Washington Times1w+Illinois gas station sells sole winning ticket for $1 billion Powerball jackpotWhat’s next: The winner has not been identified. Illinois law allows full anonymity for prizes over $250,000.
- The next Powerball drawing is Saturday, Aug. 15, with the jackpot reset to $20 million.
- Will the winner choose the lump sum or the 30-year annuity?
- How quickly will the winner come forward, given Illinois's anonymity protections?