The Powerball jackpot is officially $1 billion — the fifth-largest prize in the game's history — without a winner from Saturday night's drawing. If you win the grand prize by matching all six numbers, you'll have two payout options: a lump sum of $483.8 Million or annuitized payments worth $1 billion. Both are pretax estimates. While the lump sum offers an upfront payout, the annuity includes one immediate sum followed by 29 annual payments with a 5% increase per year. "Between Uncle Sam and the winner's home state, that headline number could be cut in half by the time it reaches their hands."

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Persons: There's, Landon Buzzerd, Sam Organizations: Finance, Mega, Asset Management Locations: NJ, Pittsburgh