The Powerball jackpot climbed to $633 million after Saturday night’s drawing produced no grand-prize winner. The increase came during the second drawing to include tickets sold in the U.K., adding another international angle to one of the biggest lottery prizes in the game.
Even with the jackpot now at $633 million, that headline number is not what a winner would actually keep. As with major U.S. lottery prizes, the advertised figure can be reduced significantly depending on whether the winner chooses a cash option and how much is owed in taxes.
That means the eventual Powerball winner’s take-home amount would be far below the published jackpot. Federal taxes would cut into the payout, and the final amount could fall further depending on where the ticket is purchased and whether state taxes apply.
The latest increase shows how quickly the prize can grow when drawings pass without a jackpot winner. For players following the Powerball $633 million jackpot after taxes, the focus is now shifting from the eye-catching top prize to what an eventual winner could realistically receive.
