New Delhi, Dec. 9 -- The Powerball jackpot has climbed to an estimated $930 million after no ticket matched all six numbers in the latest draw. It is one of the largest lottery prizes offered so far in 2025, and once again, it comes with a twist - the headline number is not what the winner would end up taking home. The gap between the advertised jackpot and the final payout is built into how Powerball works.

The $930 million figure reflects the annuity option. This pays out the prize in 30 annual installments, with payments increasing each year slightly. If a single winner chose this route, the average annual payment would be just over $31 million before taxes, according to a Forbes report.

Most winners, however, opt for the lump-sum op...