The Latest Breaking News from Powerball

Winning the $1 billion Powerball jackpot also means a hefty tax bill.

The $1bn Powerball jackpot found a lucky winner in California

The jackpot for Wednesday's drawing would be the third highest in U.S. history and will grow until someone wins. The game's odds of 1-in-292.2 million are designed to build big prizes.

The valuation for Sotheby’s International Realty’s priciest Los Angeles home — a 10-bedroom, 8,484 square-foot Southern style mansion located on 1.2 acres of Beverly Hills real estate — is $45 million, as of Monday afternoon.

The Powerball jackpot was an estimated $900 million heading into Monday night’s drawing — the third biggest Powerball jackpot on record and the seventh largest jackpot in U.S. lottery history

The Powerball jackpot has increased to $900 million after no one won the life-changing grand prize in Saturday night’s drawing.

Another Powerball drawing ends with no winner, sending the jackpot soaring to an estimated $900 million

Convenience stores are swamped as the Powerball and Mega Millions jackpots soar to some of their largest in the history of the games

The new jackpot for the next drawing is the third-largest in the history of the game, coming behind the world record $2.04 billion jackpot won last year and the $1.586 billion jackpot won in 2016.

The Powerball jackpot has soared to an estimated $875 million

There are some states that won’t take another tax bite out of your Powerball jackpot or Mega Millions winnings.