The $1.4 billion jackpot is the fifth-largest in U.S. lottery history
A Powerball ticket seen on a counter after being purchased in a store on October 04, 2023 in Miami, Florida. jackpot in U.S. history, and the third-highest jackpot in Powerball history. There have been two Mega Millions drawings with bigger jackpots.Powerball jackpot hits $1.4B as prize continues to grow – and so do the taxes the winner will owe
According to the official Powerball site, the odds of matching all six of the game's numbers is a little over 1 in 292 million. The odds of hitting just five numbers increase dramatically — to just under 1 in 11.7 million.It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?
According to Powerball's website, those electing to take the annuity option are guaranteed to get 30 gradual payments over a 29-year period.
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