Powerball Jackpot Nears $700 Million

With no ticket matching all six numbers in Saturday’s drawing, the Powerball jackpot has climbed to an estimated $687 million for Monday night’s drawing. The winner can choose 30 annual payments totaling the advertised jackpot or a $294.7 million lump sum; after federal taxes, the lump sum could fall to about $185.6 million, while the annuity could net roughly $432.9 million, assuming a 37% tax rate. The odds of winning the jackpot are about 1 in 292.2 million.