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Winning $700 Million Powerball Numbers For Wednesday, Aug. 23, 2017

The $700 million Aug. 23 Powerball jackpot would be the second-biggest in the game’s history. How much would a Floridian take home?

By Sherri Lonon , Patch Staff
Aug 22, 2017 11:38 a m ET | Updated Aug 24, 2017 11:12 a m ET

TAMPA, FL — With no winner in Saturday’s Powerball drawing, the stakes climbed to a whopping $700 million on Tuesday. While that’s not quite a record-breaking jackpot, the take is the second largest in Powerball history.

Should a Floridian manage to pick all five winning numbers and the Powerball on Wednesday, Aug. 23, the take-home amount wouldn’t quite reach that $700-million mark though. Thanks to Florida’s lack of a state tax on lottery games, however, a Sunshine State resident would get to keep a much bigger slice of the pie than people who live in some other states.

The winning Powerball numbers for Wednesday, Aug. 23 are: 6-7-16-23-26 with Powerball 4.

Mega-Millionaire Lottery Winners: Where Are They Now?

The folks at USAMega.com crunched the numbers for each of the states that participate in Powerball, including Florida. The site’s analysts say if a Floridian manages to win on Wednesday, he or she would be $525,000,000 richer if a 30-payment annuity were selected. The winner would receive about $17,500,000 a year in payments.

The lump-sum cash payout for the jackpot is estimated at $443,300,000. After the federal government takes its 25-percent bite, that adds up to $332,475,000, USAMega says.

  • Related:Dog Wins $3 Million Florida Lottery Prize

For folks still checking their tickets from Aug. 19, the winning numbers for Saturday were: 17-19-39-43-68 and Powerball No. 13.

Tampa, FL | News | 1d

Butterball Turkey Talk-Line Experts May Dish Out Virus Comfort

As the coronavirus pandemic cancels big family Thanksgiving dinners, Butterball prepares to hear from first-time and, perhaps, lonely cooks.

Powerball drawings are held every Wednesday and Saturday at 10:59 p.m. Eastern time. The record in the game was a $1.6 billion drawing in January 2016, which was won by a group of Tennessee workers. And five months ago, on Feb. 22, a lucky player in Indiana won the $435 million Powerball jackpot, the 10th largest in the game’s history.

Tampa, FL | News | 1d

Butterball Turkey Talk-Line Experts May Dish Out Virus Comfort

As the coronavirus pandemic cancels big family Thanksgiving dinners, Butterball prepares to hear from first-time and, perhaps, lonely cooks.

Floridians have been known to win a jackpot from time to time. Last year, a 90-year-old from Largo won the state’s Lotto. Rather than keep the proceeds from her $43 million jackpot win, however, she opted to give it all away.

The Powerball game is played by matching all five white balls in any order and the red Powerball number. The odds of picking the correct Powerball grand prize numbers are one in 292,201,338.

If you want to take a chance — someone has to win, right? — you might have better luck scoring the jackpot if you let the computer pick your numbers. The Multi-State Lottery Association, which operates the Powerball game, says about 75 percent of winning tickets are selected when the numbers are chosen by a computer.

The lottery game is played in 44 states plus the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Powerball draws can be seen on hundreds of TV stations nationwide. It may also be available on cable or your mobile device. The draws are also posted on YouTube and on the Powerball site. Where to watch the Powerball drawing on TV.

Claiming, Safeguarding Winnings

So, what should you do if you win the big prize? Many lottery winners hire an attorney, financial planner or both, since most people don’t exactly know what to do when they suddenly come into so much money. Some even bring their lawyer with them to claim their prize. The lottery does not offer any counseling services or advice for winners.

You have two choices when you claim your prize: the full value paid in 30 installments over 29 years, or a one-time lump sum that is smaller than the actual total.

Then there are the taxes. The federal tax on lottery winnings is 25 percent.

Financial experts say that if you can get more than a 3 or 4 percent return on an investment, the lump sum is actually the best way to go in the long-term.

What would you do with the cash if you won? Share your ideas by commenting below!

Patch editor Deb Belt contributed to this story

Winning $700 Million Powerball Numbers For Wednesday, Aug. 23, 2017 – Tampa, FL – The $700 million Aug. 23 Powerball jackpot would be the second-biggest in the game's history. How much would a Floridian take home?

Florida player takes home $168.5 million POWERBALL jackpot

One lucky Florida player matched all five numbers and the Powerball in the Wednesday, August 12, POWERBALL® drawing, winning the $168.5 million jackpot!

The POWERBALL jackpot rolled 17 times since the June 13, 2020, drawing and generated approximately $16.5 million in contributions to the Educational Enhancement Trust Fund (EETF).

The winning numbers were 2-6-18-36-37 and the Powerball was 21. The winning Quick Pick ticket was purchased at Publix, located at 4770 North Congress Avenue in Boynton Beach. The retailer will receive $100,000 for selling the jackpot-winning ticket.

Wednesday night’s POWERBALL drawing also produced two $50,000 winners and one $100,000 winner! The $50,000 winning tickets were purchased at Publix, located at 841 Cypress Parkway in Poinciana, and at Publix, located at 3720 Northwest 13th Street in Gainesville. The $100,000 winning ticket was purchased at Publix, located at 18320 Collins Avenue in Sunny Isles Beach.

One lucky Florida player matched all five numbers and the Powerball in the Wednesday, August 12, POWERBALL® drawing, winning the $168.5 million jackpot!