Here's How $1.787 Billion Powerball Jackpot Will Be Split Among 2 Winners

The $1.787 billion Powerball drawing will be split in half after two players won the jackpot Saturday (September 6) night.

The two winners, one from Missouri and the other from Texas, are each entitled to a lump-sum cash payout estimated to be $410.3 million before taxes, lottery officials confirmed via the New York Post. The IRS typically withholds 24% of lottery winnings, however, the two winners could be taxed the full 37% rate as they fall into the highest income bracket, at which point they will be left with about $258.5 million.

State laws will also play a factor as Texas doesn't levy a state income tax, therefore the winner from the Lone Star State can keep their full amount, while Missouri imposes a 4% tax on lottery winnings, at which point the player will take home about $242.1 million.

Results from Saturday's Powerball game are listed below:

NUMBERS: 11-23-44-61-62

POWERBALL: 17

POWER PLAY: 2x

Two players in Kansas and Texas won the $2 million consolation prize by getting all the five white numbers with the Power Play doubling option, while players in 13 states won the $! million consolation prize by getting all five white numbers.

Saturday's drawing was the second largest jackpot in U.S. lottery history, behind only the $2.04 billion Powerball drawing on November 7, 2022. The odds of winning the Powerball jackpot are reported to be 1 in 292.2 million, according to Powerball.com.

Saturday's jackpot winner was the first since one player won the $205 million Powerball drawing on May 31. The Powerball had previously reset after one player won the $167 million Powerball drawing on April 26.

One player in California matched all six numbers to win the $2.04 billion ($997.6 million) jackpot on November 7, 2022, the largest jackpot offered in U.S. lottery history, according to the official Powerball website. Powerball has had jackpots exceeding $1 billion six times.

Mega Millions games have also exceeded $1 billion seven times, which includes its largest offering, a $1.603 billion jackpot that was one by a player in Florida on August 8. Both jackpots increase during each following game until there's a jackpot winning ticket matching all six numbers drawn, which includes the additional Mega Millions Gold Ball or Powerball in each respective game.