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Sorry, winning Powerball's $1.7 billion jackpot won't make you a billionaire. Here's why you might end up with $136.6 million instead.
You just won the big $1.7 billion Powerball jackpot and you're feeling like, well, a billion bucks. But let's get real for a moment: You're almost certainly not a billionaire. There's no doubt that someone who wins a lottery jackpot will walk away a rich person. And Wednesday's Powerball prize - the drawing is set for 10:59 p.m. Eastern time - is the fourth largest in the game's history. But even when a jackpot heads into billion-dollar territory, the winner isn't likely to see that kind of money. When all is said and done, they may be fortunate enough to call themselves a centimillionaire - someone with a net worth ... (full story)
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