News Summary
The Powerball jackpot has surged to an incredible $1.3 billion after no one won in the latest drawing. As the fifth-largest jackpot in Powerball history, excitement grows as players prepare for the next drawing. With recent winners and changing odds, many are eager to try their luck for life-changing sums of money. The cash value of the jackpot stands at an estimated $589 million, bringing both hopes and potential tax implications for winner. Stay tuned for the upcoming drawing, where dreams could turn into reality.
Powerball Jackpot Hits a Whopping $1.3 Billion!
The excitement is palpable as the Powerball jackpot has soared to an estimated $1.3 billion following the drawing on Monday night. That’s right—no one won, and now the stakes are higher than ever! This staggering amount now stands as the fifth-largest jackpot in the history of Powerball.
Last Night’s Drawing Details
During the latest drawing held on September 1, 2025, the winning numbers were 8, 23, 25, 40, 53, and the Powerball was 5. Each ticket cost just $2, offering players a chance at life-changing sums of money. Just to give you a little context, the record jackpot for Powerball is a mind-boggling $2.04 billion, which was claimed back on November 7, 2022. Can you imagine?
Upcoming Drawings and Previous Winners
The next drawing is set to occur on Wednesday at 10:59 p.m. ET. This will be the 41st drawing since the last jackpot was won in California on May 31, 2025. Throughout this year, players have struck gold four times, but this current jackpot is revving up to potentially change someone’s life dramatically.
Just last night, a lucky player in Los Angeles became a millionaire after hitting five numbers, although they missed the Powerball. This player walked away with a cool $1,378,451 thanks to their ticket purchased at a 76 gas station located on Ventura Boulevard in Sherman Oaks, California.
Winning Chances and Odds
For everyone dreaming of grandeur, it’s good to know that the odds of winning the Powerball jackpot stand at approximately 1 in 292.2 million. However, the overall odds of winning any prize are a more manageable 1 in 24.9. That makes it still worth a shot, right?
Tax Implications for Winners
Now, if the stars align and you hit the jackpot, it’s important to consider how taxes could affect your prize. The estimated cash value of the current jackpot is around $589 million. But how much do you actually get to keep? Well, that depends on where you live.
In states like California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming, lottery prizes are not taxed. This means a winner there could net about $820 million in annuity payments or around $371 million as a lump-sum payout after federal taxes.
On the flip side, states that do impose taxes see a significant reduction in the take-home amount. For example, if someone won in Minnesota, they would take home roughly $692 million, while the lowest payout is in New York, which would yield about $678 million after taxes.
Choosing Your Numbers
For those looking to play, contestants select five numbers from 1 to 69 and one Powerball number from 1 to 26. Interestingly, over the last 100 draws, the most frequently drawn Powerballs have been 2, 5, 9, 20, and 25. Meanwhile, if you’re curious about white balls, the lucky numbers there are 4, 23, 28, 40, and 52. A little number strategy might just be what you need.
Final Thoughts
Whether you’re a seasoned player or thinking about buying your first ticket, the excitement of the Powerball draws makes for a thrilling evening. With several drawings happening every week on Mondays, Wednesdays, and Saturdays, will you be part of the jackpot frenzy? Don’t forget, your chance to dream big could just be a ticket away!
Deeper Dive: News & Info About This Topic
- CBS News: Powerball Ticket Worth $1.4 Million Sold in Southern California
- Wikipedia: Powerball
- KCRA: 1 Californian Matches 5 Numbers Powerball
- Google Search: Powerball jackpot news
- Fox LA: 4 Powerball Tickets Worth $1 Million Sold in California
- Google Scholar: Powerball jackpot
- KTVU: Powerball Ticket California
- Encyclopedia Britannica: Lottery
- KTLA: 2 Winning $1 Million Powerball Tickets Sold in Southern California
- Google News: Powerball winners
Author: STAFF HERE LOS ANGELES WRITER
LOS ANGELES STAFF WRITER The LOS ANGELES STAFF WRITER represents the experienced team at HERELosAngeles.com, your go-to source for actionable local news and information in Los Angeles, Los Angeles County, and beyond, specializing in "news you can use" with coverage of product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise from years of dedicated reporting and strong community input, including local press releases and business updates, while delivering top reporting on high-value events like the Academy Awards, LA Auto Show, and Los Angeles Marathon, extending coverage to key organizations such as the Los Angeles Area Chamber of Commerce and the Los Angeles Tourism & Convention Board, plus leading businesses in entertainment and technology like Warner Bros. and SpaceX, and as part of the broader HERE network including HEREAnaheim.com , HERECostaMesa.com , HEREHuntingtonBeach.com , and HERESantaAna.com , providing comprehensive, credible insights into Southern California's dynamic landscape. HERE Anaheim HERE Beverly Hills HERE Coronado HERE Costa Mesa HERE Hollywood HERE Huntington Beach HERE Long Beach HERE Los Angeles HERE Mission Viejo HERE San Diego HERE Santa Ana
