Powerball Jackpot: $516 Million for Saturday, Oct 10

Estimate from powerball.com and the California Lottery, which agree

Last drawing, October 7, 2026:

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Powerball jackpot after taxes, state by state

For a single winner of $516 million, in each of the 45 states and DC that sell Powerball, taking the cash. After tax is what is left once the whole federal bill is paid at filing (2026 brackets, single filer — a jackpot sits almost entirely in the 37% bracket) and the state's withholding; the cheque is the cash value less the 24% federal and the state's withholding, which is what is paid out before the rest of the federal bill falls due. The annuity columns tax each of the 30 payments in its own year.

State figures are each state's withholding rate on a resident's prize, last checked September 12, 2026: an estimate of the final state bill, not the bill itself. New York City adds 3.876% and Yonkers 1.477% for their residents. Buying in one state and living in another can add your home state's tax. The tax calculator takes any amount, filing status and rate.

This run so far

The jackpot was last won on August 12, 2026, at $1.00 billion. It restarted at $20 million on August 15, 2026 and has rolled 24 times since, to $516 million for Oct 10.

When could it reach $700 million or $1 billion?

If nobody wins, and the jackpot grows the way past Powerball runs grew from the same level — a median of 4.6% a drawing between $400 million and $600 million, measured from 116 drawings since January 7, 2026 — it would pass:

A projection, not a forecast: the operator sets each new estimate from actual sales, and weekend drawings add more than midweek ones. The last column is the chance that nobody wins any of the drawings before that one, so that the jackpot actually gets there, from the number of tickets Powerball sells at each jackpot size (fitted to its own published figures). Most runs end before the big numbers.

What a ticket is worth at $516 million

A $2 ticket's share of the jackpot is the jackpot times the odds, cut three ways: to the cash value (41% of the headline), by the chance someone else matches the same numbers (about 66 million tickets are in play at this size, so a winner keeps 89% of the prize on average), and by tax. Before tax it comes to $0.65, plus $0.32 from the fixed prizes: $0.97 in all, 48 cents on the dollar. Every prize tier and its odds.

Frequently asked questions

How much is the Powerball jackpot for the next drawing?

$516 million for Saturday, October 10, 2026, drawn at 10:59 pm ET. That is the advertised annuity; the cash value is $211.6 million. The figure is the operator's estimate as published by powerball.com and the California Lottery, which agree, and it can be revised up before the draw as sales come in.

What is the cash value of the Powerball jackpot?

$211.6 million, as the lottery publishes it — 41% of the advertised $516 million. The advertised figure is the total of a 30-year annuity whose payments rise 5% a year; the cash value is the money that would buy that annuity today. Almost every jackpot winner takes the cash.

How much would a Powerball winner take home after taxes?

A single winner taking the cash keeps about $133 million in a state with no lottery tax, once the full federal bill is paid at filing, and about $110 million in New York, the highest-withholding state that sells Powerball. The cheque itself is larger, because only 24% federal is withheld up front and the rest — about 13 percentage points more — is due with the tax return. Every state is in the table above.

Which states do not tax Powerball winnings?

Of the 45 states and DC that sell Powerball, 9 withhold no state tax on a prize: California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, Wyoming. Federal tax applies everywhere. Where you live can matter as well as where you bought the ticket, if they differ.

Is a Powerball ticket worth buying at $516 million?

Not as a bet. At this jackpot a $2 ticket is worth about $0.97 before tax — 48 cents on the dollar — once the cash discount and the 11% chance of sharing the prize are counted. The game page has the whole curve.

When is the next Powerball drawing?

Powerball is drawn every Monday, Wednesday and Saturday at 10:59 pm ET. The next three drawings: Saturday October 10, 2026; Monday October 12, 2026; Wednesday October 14, 2026. Results go up on the game page as soon as the lotteries publish them.

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