Powerball is a multi-state lottery game that regularly offers jackpots worth hundreds of millions of dollars. It set a new record for the largest lottery prize of all time when it paid out $1.58 billion in January 2016. Powerball is played in 44 states as well as Washington D.C, the U.S. Virgin Islands and Puerto Rico. Draws take place every Wednesday and Saturday at 10:59PM EST.
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The fourth-largest jackpot in Powerball history will be up for grabs in Saturday night’s drawing after another rollover on Wednesday. The jackpot has now not been won since December 26th, and just a few more rollovers could send it to record-breaking levels.
The opportunity to play for almost half a billion dollars is set to capture the imagination of Powerball fans across the country in the build-up to Saturday’s big drawing. The $495 million jackpot is the eighth-largest in the history of the game, but the amount you would end up receiving if you won depends on a number of factors, including the tax obligations where you buy your ticket.