Winning numbers drawn for Powerball's $559 million jackpot

Mega Millions: Good Day LA kids say what they would do if they won a billion dollars

Here's how the kids would spend the money.

LOS ANGELES - Feeling lucky? The winning numbers for Powerball's highly-anticipated $559 million jackpot were drawn on March 13.

Powerball released the winning numbers on Wednesday night, which were the following:

21, 29, 54, 59, 62. PB: 4. Power Play 2x.

As of 8 p.m., officials did not say if the jackpot winner has been identified.

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 for Mega Millions – which is worth $2 million – was sold in Cathedral City during the Mar. 5 drawing.

PREVIOUS COVERAGE: Mega Millions ticket worth $2 million sold in California

HOW MUCH DO YOU WIN AFTER TAXES?

There are 559 million 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 are guaranteed to get 30 gradual payments over a 29-year period.