- The next drawing is Wednesday.
- Federal tax withholding on the $443.3 million lump sum would be roughly $110.8 million.
The Powerball jackpot is now $700 million — the second-largest prize in the game's history.
Interest is building after Saturday's drawing failed to yield a winner for the top prize. Earlier Tuesday, the Powerball jackpot was $650 million.
The next drawing is at 10:59 p.m. ET on Wednesday. If the prize amount doesn't go up before then, the $700 million Powerball jackpot would be the second largest in the game's history, and the second largest in U.S. lottery history.
The top rank, of course, goes to the nearly $1.6 billion Powerball awarded to three winners in January 2016. The most recent big Powerball win was a $447.8 million jackpot awarded earlier this summer to a single winner in California.
Lottery site USAMega.com estimates the federal tax withholding on the $443.3 million lump sum would be roughly $110.8 million, and state taxes could knock out up to another $39 million (with New York the worst offender). Those figures are just the amounts withheld up front; your final tax burden is likely to be even higher.