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Fortune
Fortune
Mia Taylor

Is a high-yield savings account the right move for millions in Powerball winnings?

Photo illustration of a powerball billboard in front of the NYC skyline. (Credit: Photo illustration by Fortune; Original photo by Getty Images)

Before a winner was officially declared on Tuesday, the Powerball jackpot had soared to $2.04 billion, making it the biggest payout in history.

The last time the 45-state lottery game’s winnings grew nearly that high was in 2016 when the pot reached a world-record $1.586 billion, a sum that was ultimately shared by three people. 

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