Do you have the winning Powerball numbers for May 27? The jackpot is now $154 million, with the last 10 drawings resulting in no grand prize winner.
Wednesday night’s drawing takes place at 10:59 p.m. ET. Watch the drawing live online on WRAL , or many local TV stations .
UPDATE: The winning Powerball numbers for May 27 are: 8, 15, 34, 53, 59, PB 23, Power Play: 2
Tonight’s jackpot is $154 million, but the cash value is always less than the jackpot amount. According to the Multi State Lottery Association, if a winning ticket it drawn, the one-time lump sum payout would be $96.4 million before taxes.
If you are dreaming about what you will do with your lottery winnings, USA Mega provides a weekly jackpot analysis that gives the amount of both the lump sum payout and the annuity payments after federal and state taxes are taken out.
For example, if a single winner from Arizona wins the May 27 Powerball jackpot, the one-time payment would be approximately $64.5 million after federal taxes ($24,100,000) and state taxes ($4,820,000) are taken out. If the winner chooses the 30-year annuity, the payout would be approximately $3,593,333 per year, after taxes.
According to a previous report from the Inquisitr , residents of the following states do not have to pay state tax on their lottery winnings : California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming. Additionally, winners in Puerto Rico do not pay federal tax on lottery winnings, but they must pay a special tax of between 5 and 20 percent of the total jackpot amount.
Powerball drawings are held on Wednesdays and Saturdays at 10:59 p.m. ET. Tickets can be purchased for $2 each at lottery retailers in 44 States, Washington D.C., Puerto Rico, and the U.S. Virgin Islands. Most retailers sell tickets until 10:45 p.m. ET the night of the drawing, but cut-off times may vary by location.
If you don’t win the jackpot, there are eight ways to win non-jackpot prizes that range from $4 (just the Powerball) to $1 million (match 5 white balls, but not the Powerball). Purchase the PowerPlay option for an extra $1 and any winning non-jackpot prize will be multiplied by between two and five times the amount of the prize.
Check your tickets against the winning numbers from previous drawings to see if you have a non-jackpot prize while you wait to see if you have the winning numbers in tonight’s Powerball drawing.
May 23: 9- 15- 17- 31- 43 PB 16 May 20: 1- 12- 28- 35- 44 PB 25 May 16: 24- 29- 38 -48- 52 PB 32 May 13: 1- 25-29-31- 47 PB 7 May 9: 4- 15- 17- 35- 58 PB 17 May 6: 23-24- 27-39-41 PB 30 May 2: 2-6-11-30-31 PB 33 April 29:1 – 26 -34- 38- 51 PB 6 April 25: 21 -33 – 35 – 38 – 45 PB 12 April 22: 10 – 14 – 25 – 39 – 53 PB 18
[Image: William Thomas Cain / Getty Images News]