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The Powerball jackpot soared to $1.3 billion after Monday's drawing yielded no winners. The next drawing is Wednesday. If no one wins, the jackpot could surpass the year's high. A winner can choose a $1.3 billion annuity or a $589 million lump sum. However, taxes will significantly reduce the final amount, potentially down to around $371 million after federal and state taxes. The odds of winning are 1 in 292.2 million.

Prepared by Christopher Adams and reviewed by editorial team.