Nation Powerball is at $1 billion! But if you win it, higher interest rates will cost you millions October 26, 2022October 30, 2022 Frank Witsil, Detroit Free Press Comments Off on Powerball is at $1 billion! But if you win it, higher interest rates will cost you millions The Powerball jackpot is up to $1 billion million for Wednesday's drawing, but the lump-sum payout option is less than half of it.