Monday’s jackpot ranks as the fourth largest in Powerball history and the fifth largest among U.S. lottery jackpots.

The advertised $1.10 billion Powerball jackpot is the kind of number that makes people mentally quit their jobs on the spot, ...

If they take the cash option, they would receive $834.9 million before taxes. From that, there will be a total federal tax of ...

At the state level, Arkansas taxes lottery winnings as ordinary income. With the state’s top marginal income tax rate at 3.9% ...

WASHINGTON — The Powerball jackpot has hit $1 billion again ahead of Saturday night's drawing. But if you somehow beat the lottery's astronomical odds, you'll have a hefty tax bill waiting for you.

The jackpot for the next drawing on Wednesday night has soared to an estimated $1.25 billion, the sixth largest ever.

If you take the cash option, you would receive $781 million before taxes. From that amount, there will be a federal tax of 24 ...