(NEXSTAR) — The Powerball jackpot is colossal, coming in at an estimated $1.8 billion after no ticket was able to match the numbers drawn Wednesday night.
At its current size, the jackpot ranks as the second-largest in U.S. history, and that includes the massive Mega Millions jackpots that have also been won in recent years. You wouldn't be an instant billionaire, unfortunately, but you would be faced with some serious decisions.
Aside from selecting your preferred payout option (cash or 30 annuitized payments), experts recommend keeping the ticket in a secure place and signing it to confirm it was you who won. You'll also want to build a team, comprised of a financial advisor, a tax advisor and a lawyer.
If you won the Powerball jackpot, how much would be withheld for taxes?
They'll a