No tickets were sold matching all six winning numbers (6, 7, 12, 47, 53 and Powerball number 21) on Saturday, so the jackpot grew again before the next drawing on Monday night.

If a ticket is sold matching all numbers, the winner will choose between receiving $570 million paid out in 30 annualized installments, or taking a lump sum payout of $266.9 million immediately.

If the winner takes the lump sum, the much more popular option, they would immediately face a 24% federal withholding tax, which would cut their payout down to $202.8 million.

They would also likely face the highest federal marginal tax rate of 37%, which would further cut their winnings down to $168.1 million.

If the winner instead picks the annuity, they would receive yearly payments worth an average of $12 million each year after federal taxes are applied.

Winners also have to pay state taxes on their prizes, which range from 0% in states including California, Texas and Nevada to a high of 10.9% in New York.