Powerball Jackpot Climbs to $875M After No December 6 Winners

Powerball Jackpot Hits Historic $875 Million as Players Chase Life-Changing Prize

The Powerball jackpot has skyrocketed to an estimated $875 million. This follows the December 6 drawing where no ticket matched all six numbers. The next drawing is scheduled for Monday night, December 8.

This colossal sum marks the seventh-largest prize in the game’s history. According to lottery officials, the cash option is valued at approximately $403.6 million. Ticket sales are surging nationwide as the dream of a mega-win captivates millions.

Powerball jackpot $875 million

Details of the Rising Jackpot and Recent Draw

The jackpot has been growing for months without a grand prize winner. The Saturday, December 6 drawing produced several big wins but no jackpot claimant. Four tickets won $1 million prizes by matching five white balls.

One lucky ticket sold in New Jersey won a $2 million prize. This was achieved by matching five numbers and including the Power Play multiplier. The winning numbers for that draw were 8, 32, 52, 56, 64, and the red Powerball was 23.

The odds of winning the top prize remain astronomically low at 1 in 292.2 million. Despite this, the enormous prize pool continues to drive unprecedented ticket sales. Retailers across 45 states report constant streams of hopeful players.

What a Win Would Mean for the Lucky Ticket Holder

A winner would face the classic lottery choice: annuity versus lump sum. The $875 million annuity is paid over 29 years through gradually increasing payments. The immediate lump-sum cash payout is the estimated $403.6 million before taxes.

Significant tax withholdings would apply to either option. The IRS mandates a 24% federal withholding on lottery winnings. State taxes, which vary widely, would further reduce the final take-home amount.

This jackpot is the largest offered by any lottery game in several months. It underscores a trend of fewer jackpot winners leading to faster prize growth. The current run has created a major national event centered on Monday’s drawing.

The $875 million Powerball jackpot represents a rare chance at instant generational wealth. As the clock ticks down to the next drawing, anticipation reaches a fever pitch nationwide. This historic prize will inevitably change one winner’s life forever.

Info at your fingertips

What were the winning Powerball numbers for the last draw?

The winning numbers for the Saturday, December 6 drawing were 8, 32, 52, 56, 64, and Powerball 23. The Power Play multiplier for that draw was 2X.

What is the cash value of the $875 million Powerball jackpot?

The estimated cash value, if the winner chooses the lump-sum option, is approximately $403.6 million. This is the amount before any federal or state taxes are withheld.

When is the next Powerball drawing for the $875 million?

The next drawing is scheduled for Monday, December 8, at 10:59 p.m. Eastern Time. Tickets are typically sold until one to two hours before the draw, depending on the state.

Which states sell Powerball tickets?

Powerball tickets are sold in 45 states, as well as Washington D.C., Puerto Rico, and the U.S. Virgin Islands. The states that do not participate are Alabama, Alaska, Hawaii, Nevada, and Utah.

How long does a winner have to claim the Powerball jackpot?

Claim deadlines vary by state where the ticket was purchased, typically ranging from 90 days to one year. Winners are strongly advised to sign the back of their ticket immediately and seek financial and legal advice.

What was the largest Powerball jackpot ever won?

The largest Powerball jackpot was a $2.04 billion prize won by a single ticket in California in November 2022. The current $875 million prize ranks as the seventh-largest in the game’s history.