Current Powerball Jackpot
Powerball® Estimated Jackpot Calculation Documents. Draw Date Current Drawing Advertised Jackpot (30 Annual Payments) Estimated CVO for Advertised Jackpot Next Drawing (If No Jackpot Winner) Estimated Jackpot Official Lottery Estimation Worksheet;: $42 M.
Powerball and Mega Millions Lottery Results Sunday, February 7, 2021 12:07 am – Powerball: There was no jackpot winner in the Saturday, February 6, 2021 Powerball drawing, but 1 lucky player from North Carolina matched the first 5 numbers for a $1,000,000 prize. For the complete rundown of winners by prize category, the drawing video, and all other data about this drawing, see the Powerball. Current Jackpots. Click on State, Game, Next Draw Date, Next Jackpot, Change. Powerball $30.00 Million: $10.00 Million SAT 02/06: $20.00 Million WED 02/03: 5. What time is the Powerball drawing? How much is the Powerball jackpot? Powerball jackpots roll over until there is a winner or multiple winners. Once one or multiple winners have hit the grand prize, the Powerball resets to the minimum jackpot. You can find the latest Powerball jackpot amounts here on the Lottery.com Powerball.
Below is an analysis of the current Powerball jackpot, showing both the advertised Annuity and Lump Sum amounts and their ultimate worth after taking into account federal and state tax. 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. You can view the latest Powerball Payout here.
By Alex Kiam
Current Jackpot Analysis
| Jackpot Type | Annuity | Cash Lump Sum |
|---|---|---|
| Initial Advertised Value | $42,000,000.00 | $31,000,000.00 |
| Federal Tax: | -$10,080,000.00 | -$7,440,000.00 |
| State Tax: | -$0.00 | -$0.00 |
| Final Total* | $31,920,000.00 | $23,560,000.00 |
* 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. Check with your local authority to see if this applies to you.
Powerball Annuity Calculation Table
Jackpot winners who opt for the annuity payout will receive their winnings over a period of thirty years, with payouts increasing by 5% year-on-year. The table below shows a breakdown of the gross annuity value and the applicable federal and state tax for each year.
| Year | Gross Annuity Value | Federal Tax (24%) | State Tax (0%) | Net Total |
|---|---|---|---|---|
| 1 | $632,160.27 | -$151,718.47 | -$0.00 | $480,441.81 |
| 2 | $663,768.29 | -$159,304.39 | -$0.00 | $504,463.90 |
| 3 | $696,956.70 | -$167,269.61 | -$0.00 | $529,687.09 |
| 4 | $731,804.54 | -$175,633.09 | -$0.00 | $556,171.45 |
| 5 | $768,394.76 | -$184,414.74 | -$0.00 | $583,980.02 |
| 6 | $806,814.50 | -$193,635.48 | -$0.00 | $613,179.02 |
| 7 | $847,155.23 | -$203,317.25 | -$0.00 | $643,837.97 |
| 8 | $889,512.99 | -$213,483.12 | -$0.00 | $676,029.87 |
| 9 | $933,988.64 | -$224,157.27 | -$0.00 | $709,831.36 |
| 10 | $980,688.07 | -$235,365.14 | -$0.00 | $745,322.93 |
| 11 | $1,029,722.47 | -$247,133.39 | -$0.00 | $782,589.08 |
| 12 | $1,081,208.60 | -$259,490.06 | -$0.00 | $821,718.53 |
| 13 | $1,135,269.03 | -$272,464.57 | -$0.00 | $862,804.46 |
| 14 | $1,192,032.48 | -$286,087.79 | -$0.00 | $905,944.68 |
| 15 | $1,251,634.10 | -$300,392.18 | -$0.00 | $951,241.92 |
| 16 | $1,314,215.81 | -$315,411.79 | -$0.00 | $998,804.01 |
| 17 | $1,379,926.60 | -$331,182.38 | -$0.00 | $1,048,744.21 |
| 18 | $1,448,922.93 | -$347,741.50 | -$0.00 | $1,101,181.42 |
| 19 | $1,521,369.07 | -$365,128.58 | -$0.00 | $1,156,240.50 |
| 20 | $1,597,437.53 | -$383,385.01 | -$0.00 | $1,214,052.52 |
| 21 | $1,677,309.40 | -$402,554.26 | -$0.00 | $1,274,755.15 |
| 22 | $1,761,174.87 | -$422,681.97 | -$0.00 | $1,338,492.90 |
| 23 | $1,849,233.62 | -$443,816.07 | -$0.00 | $1,405,417.55 |
| 24 | $1,941,695.30 | -$466,006.87 | -$0.00 | $1,475,688.43 |
| 25 | $2,038,780.06 | -$489,307.21 | -$0.00 | $1,549,472.85 |
| 26 | $2,140,719.07 | -$513,772.58 | -$0.00 | $1,626,946.49 |
| 27 | $2,247,755.02 | -$539,461.20 | -$0.00 | $1,708,293.81 |
| 28 | $2,360,142.77 | -$566,434.26 | -$0.00 | $1,793,708.50 |
| 29 | $2,478,149.91 | -$594,755.98 | -$0.00 | $1,883,393.93 |
| 30 | $2,602,057.40 | -$624,493.78 | -$0.00 | $1,977,563.63 |
| TOTALS | $42,000,000.00 | -$10,080,000.00 | -$0.00 | $31,920,000.00 |
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Current Powerball Jackpot Analysis
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Current Powerball Jackpot Drawing
Winning.