Powerball Jackpot Soars to $719 Million: Find Out When the Winning Numbers Will Be Announced

For nearly three months, the Powerball Jackpot has gone without a winner, causing it to balloon to an impressive $719 million. This staggering amount now ranks as the third-largest prize of 2025, capturing the attention of hopeful participants nationwide.

The eagerly anticipated winning numbers are set to be revealed on Saturday at 11 p.m., promising the potential for life-changing news for one lucky individual or group.

The jackpot winner will face a crucial decision: they can opt to receive the full jackpot spread out over 30 years, resulting in annual pre-tax payments of approximately $24 million, or they can choose a one-time cash payout.

For those who prefer immediate gratification, the lump sum option offers an estimated $333 million before taxes. It’s important to note that this cash alternative is less than the advertised jackpot because the headline figure represents the total of the annuitized payments over three decades.

The lump sum is less than the advertised jackpot because the advertised amount is the total annuitized payout after 30 annual payments.

A Powerball ticket with five out of six winning numbers, worth $979,462, was sold at a 7-Eleven on Los Alisos Boulevard in Mission Viejo, California, Wednesday, according to the California Lottery website. However, a winner has not yet come forward to claim the prize.

The biggest jackpot in lottery history was just over $2 billion, which was won by 31-year-old California man Edwin Castro in November 2022.

Castro went for the $998 million lump sum, and took home about $628 million after taxes, according to the California Lottery.

He was sued by another California man, Jose Rivera, who claimed he was in fact the one who bought the winning ticket at Joe’s Service Center in Altadena, and that it was stolen by his landlord.

A Los Angeles County judge tossed the suit in 2024.

If the current jackpot is taken as a lump sum up front, the winner would take home $210 million at a federal marginal rate as high as 37%, plus state taxes depending where they live.