Powerball's $600M jackpot revealed
The Powerball jackpot has reached $600 million after no winner matched all six numbers in Wednesday’s drawing. The estimated cash value for a winner choosing the lump sum is about $266.4 million, with federal taxes expected to reduce the immediate payout to around $202.5 million, and possibly further diminished by state taxes. The next drawing is scheduled for Saturday, July 25, with winners facing a decision between the annuity and cash options, both subject to taxes. International sales are now available in the UK, where winners receive installments instead of a lump sum.
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