The ongoing Powerball jackpot is now at over $1.4 billion entering Wednesday night's drawing.

Monday night's drawing failed to produce a winner once again, which at the time was worth $1.2 billion.

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The $1.4 billion jackpot is for an annuity option that is paid over 30 years. If winners opt for the cash prize, it would currently be worth $634.3 million.

The prize is subject to taxes , which includes an automatic federal withholding of 24% and another 13% in federal taxes when you file your 2025 return.

There are also state taxes in most jurisdictions, which range from 2.9% to 10.9% depending on the state you live in. Residents in California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington a

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