No joke — Powerball jackpot reaches $1 billion for Monday's drawing

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No joke — Powerball jackpot reaches $1 billion for Monday's drawing
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Drawing at held every Monday, Wednesday and Saturday at 10:59 p.m. EST from the Florida Lottery draw studio in Tallahassee.

jackpot will tempt lottery players Monday night who think they just might hit it rich after three months without a big winner.

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 2024 return. No one has won Powerball's jackpot since New Year's Day, a stretch of 38 consecutive drawings without anyone matching the game's six numbers. If no one wins the jackpot Monday or Wednesday night, the game will match its record number of 41 consecutive drawings on Saturday night.

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