California Lottery
CALottery Powerball Jackpot Analysis
The Powerball jackpot for the draw on Wed May 8, 2024 is estimated to be $20 Million, with a cash option of 9.3 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. The good news is that if you're a resident of California, you won't owe any state tax on your lottery winnings.Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.
California Powerball Jackpot/Cash Option for Wed May 8, 2024
Lumpsum Option Taxes and Payment
Annuity Payment in 30 Installations
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Powerball Results by Month
May 2024
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December 2023
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Cash Option: $9.3 Million Next Draw: Wed May 8
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Powerball
Mon May 6, 2024
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