Powerball

Monday night's Powerball jackpot is an estimated $1 billion, the second largest in the game's history, the cash value, is an estimated $497.3 million.

The Powerball jackpot was previously won on Aug. [holds the world record](https://www.foxbusiness.com/category/lottery) for the largest jackpot set in 2016, with $1.586 billion shared by winners in California, Florida and Tennessee. There was one winner who matched five numbers and the Powerplay for a $2 million prize. [HERE ARE WEDNESDAY'S WINNING NUMBERS IN THE $715.1M POWERBALL DRAWING](https://www.foxbusiness.com/lifestyle/here-wednesdays-winning-numbers-715-1m-powerball-drawing) Nobody hit the jackpot on Saturday however, there was a $2 million winner and four $1 million winners Nobody matched all the numbers in Saturday's Powerball drawing.

The Powerball jackpot reached an estimated $1 billion ($497.3 million cash) for the next drawing on Halloween. According to lottery officials, ...

According to lottery officials, this is the second time in Powerball history that the advertised jackpot has reached $1 billion. If a player wins Monday's jackpot, it will be the second largest jackpot in Powerball history. The Powerball jackpot reached an estimated $1 billion ($497.3 million cash) for the next drawing on Halloween.

The advertised Powerball jackpot has climbed to $1 billion just in time for the Monday night's drawing, which will be on Halloween—i.e., October 31.

The lottery winnings would be reported on the Powerball jackpot winner’s 2022 federal income tax return. The exact amount of tax that the winner will have to pay will depend on factors including the payout option that the winner chooses and the applicable state tax rate. But the winner’s state taxes could still amount to a hefty sum given the size of Monday’s Powerball lottery jackpot. With this Powerball jackpot, if the winner opted for the lump sum cash value of $497.e million, they would be subject to federal income tax at the Whoever wins the Powerball lottery jackpot can opt to receive the payout in one of two ways. But no one won the $825 million Powerball after Saturday night’s drawing, so the Powerball jackpot climbed to an estimated $1 billion for the October 31 drawing. So, that has a lot of people thinking about how much money the lucky winner of the Powerball jackpot would take home—after taxes, that is. Winning the Powerball lottery jackpot requires a ticket holder to match six numbers from the Powerball drawing. Being prepared, though, ensures they can gain access to your assets when the time comes. One of those tax bills will be from Uncle Sam and depending on where the Powerball winner lives—another could come from the state. The advertised Powerball jackpot has climbed to $1 billion just in time for the Monday night’s drawing, which will be on Halloween—i.e., October 31. The latest drawing was Saturday, October 29 and no one matched all six numbers drawn.

Two Michigan Lottery players matched five white balls drawn Saturday night — 19-31-40-46-57 — to win $1 million. The next Powerball drawing is Monday. TOPT 10 ...

Monday’s drawing will be the 38th Powerball drawing since the jackpot was last won Aug. If a player wins the $1 billion jackpot, it will be the second-largest Powerball jackpot ever won and the fifth-largest jackpot in U.S. The prize was increased to $2 million for a Florida ticket holder who matched all five white balls with the game’s “Power Play” feature. [powerball.com](https://www.lotteryusa.com/powerball/jackpot-tax) [.](https://www.usamega.com/powerball/jackpot) What is the highest Powerball jackpot? The Powerball jackpot keeps growing.