The stakes are getting bigger and bigger.

The Powerball jackpot has hit $1.8 billion ahead of the next drawing on Saturday night. It's now the second largest jackpot ever in U.S. history.

The $1.8 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 $826.4 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 and Wyoming won't pay any state taxes on potential winnings.

No one has won Powerball's

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