Powerball Hits $1 Billion Jackpot | Richmond News

Powerball just hit a historic $1 billion jackpot—yes, one BILLION—after no one won the previous drawing. The cash option? $422.3 million. It’s the 8th-largest Powerball jackpot ever and the 15th-biggest when you count Mega Millions too. Last time we saw something this massive? A $980 million Mega Millions win in Georgia last fall. But here’s the catch: even if you’re lucky enough to win, Uncle Sam’s already got 24% of your prize—and that’s before state taxes, which can knock another 37% off depending on where you live. New York might leave you with $522M, while some states could let you walk away with over $600M. And if multiple winners split it? That’s a whole new headache. Next draw is Wednesday night. Your odds of winning any prize? 1 in 24. Hitting the jackpot? Astronomical. If you do, experts say: stay quiet, hire advisors, and don’t celebrate until you’ve got your ducks in a row. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5c8fee94d9bdc8cf