The Powerball jackpot jumped to $1.04 billion for Monday’s drawing. Here’s what to expect for taxes if you score the winning ticket.
jackpot will be up for grabs Monday night, tempting players to spend a couple dollars on a longshot chance at instant riches.prize behind earlier drawings of Powerball and Mega Millions, the other nearly nationwide lottery game. The jackpot is the fourth-largest in the history of Powerball.
The prize has grown so massive because there have been 32 consecutive drawings since someone matched all five white balls and the Powerball to win the jackpot, dating back to July 19.The $1.04 billion jackpot is for a sole winner who chooses to receive the winnings through an annuity, paid annually over 30 years. Winners nearly always pick the cash option, which for Monday night's drawing would be an estimated $478.2 million.
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