The next drawing will take place on Wednesday night.
The Powerball jackpot leaped to $1.2 billion after no winner was declared on Monday, and the next drawing takes place Wednesday night.produced a winner of the second-largest jackpot in history
If a winner is named on Wednesday, the lucky person would be able to choose between the $1.2 billion jackpot, with winnings paid out annually over 30 years, and the cash option, which would be valued at around $551 million. Although either is an alluring amount of money, the jackpot winner would have to pay state taxes on the winnings and could walk away with even less money than if they lived in certain, low-tax states.
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