With the next Powerball lottery drawing scheduled for Wednesday night at a $1.2billion grand prize, many may wonder what winners actually take home after taxes.The numbers were drawn Monday night for a $1.04 billion Powerball jackpot - but nobody won, meaning the prize pot has climbed to $1.2 billion. The next drawing will take place at 10:59pm ET Wednesday. The jackpot - which is the result of 32 unsuccessful drawings - is the third-largest in the history of Powerball and the seventh largest in US lottery history.
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