This is only the third time the jackpot has surpassed $1 billion, the biggest run since November.
Powerball players choose six numbers for five white balls and one red ball and must match all of them with the drawing to win the jackpot. The odds of doing so are 1 in 292.2 million.
The Powerball organizationThe winner should expect to pay a 37 percent tax rate on most of the winnings, since the IRS treats the lottery winnings as ordinary income, and the prize puts Wednesday’s winner in the top tax bracket.
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