The next drawing for the Powerball jackpot will take place on Saturday night. The Mega Millions jackpot has an even more abysmal 1-in-302.6 million odds.
To win the massive Powerball jackpot, a ticket holder will have to overcome terrible odds of 1-in-292.2 million. Depending on the winner’s state of residence, their winnings could face further taxes, as some states like New York levy a 10.9% tax on lottery winnings, while others like Texas, Florida, and California don’t tax them at all.
