Powerball Next Draw Jackpot
The Powerball Jackpot for next Drawing held on June 20, 2020 has reached an estimated:
Annuity : $25,000,000
Cash Value: $19,800,000
The Louisiana Powerball is drawn every Wednesday and Saturday at 09:59pm.
Powerball Jackpot Prize
The Powerball jackpot prize starts at $40 million and rolls, based on sales, by a minimum of $10 million each drawing until it is won.
What is the Annuity Amount?
The advertised Powerball jackpot represents an estimate of the annuity amount, which is paid in 30 graduated annual installments that will increase each year by a percentage set out in the Powerball game directive. The first installment is paid at the time the prize is claimed.
What is the Cash Value option?
Winners also have the option to take a one-time lump sum payment equal to the cash value of the jackpot prize pool. The cash value represents the amount of money the Lottery would have invested to provide the 30-installment annuity option.
If I win the Jackpot When can I claim the Prize?
Jackpot prizes will be available for payment after the 15th calendar day following the drawing, and winners have 60 days from the date of claim to decide on a payment option.
How is the Jackpot divided among the winners?
Jackpot prizes are pari-mutuel and are divided equally among all jackpot-winning tickets. All prize payments are subject to federal and state tax withholding as required by law.