The Powerball jackpot is currently estimated at around $389 million for Monday night's draw, as no ticket was successful in matching all six numbers in the previous drawing held on Saturday. The jackpot winner who wins on Monday would get to pick his choice between either taking the full $389 million by an annuity that will be paid out over 30 years or receiving a lump sum amount of $161.9 million at one go. However, there is a catch as neither of these big figures will actually go straight to the hands of the jackpot winner, as the winnings from any lottery in the United States, including Powerball, are subject to taxation. The winner would have to pay federal income tax, while additional state and local taxes could also be levied.
POWERBALL'S MASSIVE JACKPOTS CONTINUE IN 2026
