"Powerball Jackpot Surges Past $1 Billion with No Winner in Sight"

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Source: Forbes
"Powerball Jackpot Surges Past $1 Billion with No Winner in Sight"
Photo: Forbes
TL;DR Summary

The Powerball jackpot has reached $1.04 billion, making it the fourth largest in the game's history. If a winning ticket is drawn, the winner can choose between a $1.04 billion payout over 30 years or a lump sum payment estimated at $478.2 million. However, after federal tax withholding and potential income tax, the lump sum could be reduced to around $301.3 million. State taxes will also affect the final amount. The next drawing will take place on Monday night.

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