There’s a huge tax bill if you hit Powerball or Mega Millions jackpot


With no one hitting all the numbers in Saturday night’s Powerball drawing, the jackpot has surged again.

Now at an estimated $381 million, the top prize has been rolling higher for more than two months. (The winning numbers in Saturday night’s drawing were: 1, 19, 25, 27, 68; Powerball: 21.)

Meanwhile, a single ticket sold in New Jersey nabbed the $267 million Mega Millions jackpot in that game’s Friday night drawing.

The chance of winning Powerball is about 1 in 292 million. Nevertheless, at some point, there will be a jackpot winner — and the IRS won’t waste time taking at least some of the loot.



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