Fancy a billion-dollar Labor Day prize?
The Powerball jackpot reached an estimated $1.2 billion Monday night after no one won once again on Saturday.
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Here are Monday's winning numbers in order: 25, 23, 8, 40, 53 and 5 (red ball) with a Powerball multiplier of 3x.
Winners can opt for an annuity option, which is paid over 30 years. However, winners tend to pick the cash option, which holds a cash value of $498.4 million.
The prize is subject to taxes, which includes an automatic withholding tax of 24% levied against the winnings, and another 13% in federal taxes when you file your 2025 return.
There are also state taxes in some jurisdictions, which range from 2.9% to 10.9% depending on the state you live in. But