Powerball Winning Numbers Jan. 25: Prize Raises Again

The pot was $170 million. Now, Saturday's multi-state Powerball lottery and the estimated jackpot for Saturday's drawing is expected to grow to $187 million.

That would buy a few of these amazing southern California beachfront homes...even after taxes. Picture yourself in this Once In A Lifetime Dana Point Beach House....

A ticket with five numbers, but missing the Powerball number, was sold in Florida and is worth $1 million, the Multi-State Lottery Association, which conducts the game, announced. After cracking the three-digit mark, the Powerball jackpot continues to climb and Wednesday's drawing is worth an estimated $170 million. Wouldn't bringing that home make a great way to offset your income taxes? Wednesday's cash payout was an estimated $103 million.

Powerball drawings are held every Wednesday and Saturday at 7:59 p.m. Pacific time.

The winning Powerball numbers for Wednesday, Jan. 25, were: 18, 62, 66, 68, 28 and the Powerball of 22.

Each ticket costs $2. Find out where you can buy your Powerball tickets here. The Powerball game is played by matching all five white balls in any order and the red Powerball number. The odds of picking the correct Powerball grand prize numbers are one in 292,201,338.

This jackpot is tiny when compared with the January 2016 record Powerball jackpot, which was worth nearly $1.6 billion. The multi-state Powerball jackpot had climbed to $421 million last fall, one of the highest jackpot prizes since the $1.6 billion drawing in January 2016, when it was won by a group of Tennessee workers.

But Americans will still drop by the nearest convenience store with dreams of cash and buy a ticket. The billion-dollar-plus prize won in the Jan. 13, 2016, drawing was the largest lotto jackpot awarded in U.S. history and was split by three winners.

If you still want to take a chance — someone has to win, right? — you have a better chance of hitting the jackpot if you let the computer pick your numbers. The Multi-State Lottery Association, which operates the Powerball game, says about 75 percent of winning tickets are selected when the numbers are chosen by a computer.

The lottery game is played in 44 states plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Powerball draws can be seen on hundreds of TV stations nationwide. It may also be available on cable or your mobile device. The draws are also posted on YouTube and on our site. Where to watch the Powerball drawing on TV.

Claiming, Safeguarding Winnings
So, what should you do if you win the big prize? Many lottery winners hire an attorney, financial planner or both, since most people don’t exactly know what to do when they suddenly come into so much money. Some even bring their lawyer with them to claim their prize. The lottery does not offer any counseling services or advice for winners.

You have two choices when you claim your prize: the full value paid in 30 installments over 29 years, or a one-time lump sum that is smaller than the actual total.

Then there are the taxes. The federal tax on lottery winnings is 25 percent. Then, any extra income taxes like state or city would apply.

Financial experts say that if you can get more than a 3 or 4 percent return on an investment, the lump sum is actually the best way to go in the long-term.

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