The Powerball jackpot rose to $348 million—the third biggest lottery prize of 2026 so far—after no tickets matched all six numbers drawn on Wednesday night, although the eventual winner will take home a much smaller payout after taxes and deductions.
Powerball lottery tickets are displayed for customers to fill out at a convenience store.
The six numbers drawn on Wednesday night were 3, 14, 16, 21, 38 and Red Powerball 14.
If a winner emerges in the next draw, they can choose between taking the $348 million prize, split over 30 annual installments, or a one-time cash payment of $157.5 million—the preferred choice for most winners.
If the lump-sum option is chosen, the winnings will first drop to around $119.7 million after a mandatory 24% federal withholding is applied.
