Powerball Jackpot Reality Check | Albuquerque News

Powerball just hit a record-breaking $1 billion jackpot again—no winner from the last draw means it’s climbing toward history’s seventh-largest prize. But don’t get too excited: after federal taxes (up to 61%) and state levies, your take-home could be as low as $500 million. Plus, odds are stacked against you—and if you win, expect to split it or face IRS scrutiny. Experts say stay quiet, hire pros, and remember: even if you miss the jackpot, there are eight other ways to win. Next drawing: Wednesday night at 10:59 PM ET. Play in 45 states, D.C., Puerto Rico, U.S. Virgin Islands, and even the UK. 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/e5739add5a7aa4bb