NewsFox 13 News (WTVT) — All NewsAugust 12, 2026Hillsborough
Powerball jackpot reaches $1 billion with $433.1 million cash option
The Powerball jackpot has reached an estimated $1 billion for the upcoming Wednesday drawing. Winners have the choice between a lump-sum cash payment of $433.1 million before taxes or 30 annual payments distributed over 29 years.
Read the full story at Fox 13 News (WTVT) — All NewsWhy It Matters
This drawing represents the largest lottery jackpot of the year, impacting the potential financial payout for any Florida resident who holds a winning ticket.
Key Facts
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Who's Mentioned
organizationFlorida Lottery“State agency managing lottery operations and tax withholding”personBryce Harper“Athlete used for financial comparison”personDee“Local resident”personLeBron James“Athlete used for financial comparison”personTrea Turner“Athlete used for financial comparison”personSteve Cotton“President of Cotton Wealth Management Associates”personJalen Hurts“Athlete used for financial comparison”locationFlorida“Jurisdiction where the lottery information is provided.”personJoel Embiid“Athlete used for financial comparison”personLiz Murray“Local resident”