The Powerball jackpot is nearing the $1 billion mark. As it grows, a key consideration for potential winners is the impact of taxes on their winnings. The actual amount a winner would take home is significantly less than the jackpot due to taxes.

Further details on this are available from KTSM 9 News. For those interested in understanding how taxes affect Powerball winnings, more information can be found through the provided map, which breaks down the take-home amount from the $905 million Powerball jackpot.