Powerball jackpot soars to $251 million for September 14 drawing - Here's what Monday night's winner could take home

Excitement builds as the Powerball jackpot reaches an estimated $251 million ahead of Monday night's drawing. Winners can select between a staggering 30-year annuity plan or a substantial cash payout of $106.6 million. Keep in mind that taxes will...

AP
Lottery tickets are displayed at a convenience store in Houston.
The Powerball jackpot is now estimated to be at $251 million for Monday night’s drawing since none of the tickets matched all the six balls that won in the Saturday drawing. This means that a ticket holder who wins the jackpot will win the $251 million prize, which is an annuity prize awarded in annual payments spread over a period of 30 years. However, there is another option available for players who want their money immediately where they can take home an immediate payout of $106.6 million. Nonetheless, it should be noted that both these figures do not reflect the amount that the player would receive. This is because the Powerball jackpot winnings are taxable and therefore the winner needs to pay some income taxes, either federal taxes or state/local taxes depending on where the winner bought the ticket.

POWERBALL'S MASSIVE JACKPOTS CONTINUE IN 2026


Winning the Powerball is one of the most unusual things. In order to become a winner of the Powerball, one should match all five white balls and the red Powerball. The chances of matching all the balls are 1 in 292.2 million which makes winning the jackpot one of the most difficult things in the world of lotteries. However, there have been some huge jackpots awarded in the 2026 year already. One of the biggest jackpots was awarded on August 12 in Illinois where a ticket matched all six balls and received an estimated amount of $1.04 billion. This jackpot hadn't been won for 44 consecutive draws. It ranks 8th among the biggest Powerball jackpots.


There are two choices available to the Illinois Powerball lottery winner. The advertised $1.04 billion will come in installments over a period of 30 years, while the cash value of the win is approximately $450.5 million. The winnings mentioned are not subject to any taxations, hence, there will be some deductions from the total sum after applying the applicable federal, state and local taxes. The state of Illinois is not the only one where the Powerball lottery generated major winners during the year. There have been two other states that had Powerball winners during the year. An approximate win of $209.3 million was achieved by a ticket purchased in North Carolina in January and an approximate win of $250.8 million by an Arkansas player in March.

HOW HIGH CAN THE POWERBALL JACKPOT GO?


Powerball jackpot grows rapidly in case there is no matching number combination from the players. When a jackpot is not won in a particular Powerball drawing, the jackpot amount moves into the next Powerball drawing. Thus, millions of dollars may accumulate in the jackpot until its growth reaches hundreds of millions or even billions of dollars. To date, the biggest Powerball jackpot ever was won in 2022 for $2.04 billion. Additionally, two jackpots were awarded for more than $1.7 billion. Jackpots for $1.817 billion and $1.787 billion were awarded in 2025.

One is not required to get all six balls in order to win a hefty amount of cash. If you manage to pick out all five balls except for the Powerball then you can take home a cool million before taxes. However, by using the optional Power Play, one can increase their earnings on some non-jackpot amounts.
ADVERTISEMENT

There are now tickets available in 45 states, Washington DC, Puerto Rico and the US Virgin Islands. The large pool of players in the country and huge jackpots are some reasons why it continues to attract many people. When there is a rollover in the top prize from one draw to the other, anticipation usually mounts.

Powerball winning numbers for September 12

The winning numbers for September 12 (Saturday): 14-16-23-58-69 and the Powerball is: 03. The Powerplay was 2X.

When is the next Powerball drawing?
ADVERTISEMENT

The next drawing will take place on September 14, Monday. Drawings are held three times per week at approximately 10:59 PM ET every Monday, Wednesday, and Saturday.

What is the Powerball payout?
ADVERTISEMENT

  • Match 5 White Balls + Powerball: Jackpot
  • Match 5 White Balls: $1 million
  • Match 4 White Balls + Powerball: $50,000
  • Match 4 White Balls: $100
  • Match 3 White Balls + Powerball: $100
  • Match 3 White Balls: $7
  • Match 2 White Balls + Powerball: $7
  • Match 1 White Ball + Powerball: $4
  • Match Powerball: $4
  • Match 5 White Balls with Power Play: $2 million
  • Match 4 White Balls + Powerball with Power Play: $200,000
  • Match 4 White Balls with Power Play: $400
  • Match 3 White Balls + Powerball with Power Play: $400
  • Match 3 White Balls with Power Play: $28
  • Match 2 White Balls + Powerball with Power Play: $28
  • Match 1 White Ball + Powerball with Power Play: $16
  • Match Powerball with Power Play: $16
Deadline to buy Powerball tickets

Powerball ticket buying times vary from one state to another and, therefore, one should not take any chances. In New Jersey, ticket sales will end at 9:59 PM, but in New York, the sales will end at 10 PM.

How to play Powerball?

The cost of purchasing a ticket for the Powerball game is two dollars, while an extra dollar is required for the Power Play where non-jackpot prizes will be multiplied by five times and ten times if the jackpot is less than 150 million dollars.

Each participant selects his/her numbers ranging from 1 to 69 for the five white balls and one number from 1 to 26 for the Powerball. Alternatively, quick picks are made by lottery machine.

The amounts of prizes differ from four dollars when matching just the Powerball to one million dollars when five white balls are matched (except for California).

How many states have Powerball?

Powerball tickets can be bought in 45 states, including Washington, DC, Puerto Rico, and the US Virgin Islands. In fact, it ranks among the most popular lottery games in America.

How to buy Powerball tickets?

The Powerball lottery tickets can be purchased physically at gas stations, convenience stores, supermarkets, and some airport terminal shops.

The other method to purchase Powerball tickets is by using the Jackpocket app online in selected states such as Arizona, Arkansas, Colorado, Idaho, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New Mexico, New York, Ohio, Oregon, Texas, Washington DC, and West Virginia.

Through the Jackpocket app, one can select the game of choice, pick numbers, order the ticket, and claim any winnings directly from the mobile phone or desktop computer.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US News › Powerball jackpot soars to $251 million for September 14 drawing - Here's what Monday night's winner could take home
Text Size:AAA
Success
This article has been saved

*

+