BySiladitya Ray,
Forbes Staff.
The Powerball jackpot rose to $593 million—the third biggest lottery prize of the year so far—after no tickets matched all six numbers drawn on Monday night, although the eventual winner will take home a much smaller payout after taxes and deductions.
The six numbers drawn on Monday night were 7, 33, 50, 57, 66 and Red Powerball 23.
If a winner emerges in the next draw, they can choose between taking the $593 million prize spread over 30 annual installments or a one-time lump sum payment of $277.6 million—the preferred choice for most winners.
