Winner winner chicken dinner! You just won the lottery, but do you know what to do next? Here’s what to know before you cash out.
The winning numbers were drawn for the $638 million Powerball jackpot on Monday night.
The winning numbers are 5, 12, 20, 24, 29 and a red Powerball of 4. The Power Play is 2x.
With no jackpot winner on Monday, the jackpot will grow to an estimated $685 million for Wednesday's drawing.
The jackpot can either be awarded over 30 years, or winners can take the one-time cash option. Most choose the latter.
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The cash option for Wednesday's upcoming drawing is an estimated $344.7 million.
The prize is also subject to federal taxes. Most states tax lottery winnings as well. However, Texas, Florida and California are among the few states do not.
The $638 million jackpot represents the largest Powerball jackpot since the $1.7 billion prize was awarded to someone in California in October of this year.
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