Powerball jackpot climbs to $1B. Here's the tax bite if you win

For the second time ever in Powerball's 30-year history, the jackpot for the Monday night drawing is a staggering $1 billion.  

It is the fifth-largest lottery jackpot in U.S. history, falling shy of the record $1.586 billion payout scored by three Powerball ticket holders in 2016.

Powerball said the Monday jackpot climbed to an estimated $1 billion from $825 million after no ticket matched all six numbers drawn on Saturday. However, any winners could see markedly less money than is advertised. 
Lottery by Alejandro Garay is licensed under Unsplash unsplash.com

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