Winning numbers drawn for $1.73B Powerball jackpot, Oct. 11

$1.7B Powerball ticket sold in California

A lucky California lottery player purchased the winning ticket for the second-largest lottery jackpot in U.S. history, worth approximately $1.725 billion.

LOS ANGELES - The search is on for Powerball's $1.73 billion lottery jackpot winner.

Below are the winning numbers for Wednesday night's drawing:

22, 24, 40, 52, 64. PB: 10

According to the California Lottery's website, the winning ticket is believed to have been sold at Midway Market and Liquor in Frazier Park in Kern County.

Say, if you don't win the top prize, don't throw away your tickets just yet. Lottery players with multiple matching numbers can score a decent consolation prize. For example, a ticket with five matching numbers – which is worth $1 million – was sold in Orange County during the Oct. 9 drawing.

HOW MUCH DO YOU WIN AFTER TAXES?

There are more than a billion reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed.

So how much do you really get after taxes?

It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?

According to Powerball's website, those electing to take the annuity option get one immediate payment followed by 29 annual payments.