What are the winning Powerball Numbers for June 3? Tonight's jackpot stands at a whopping $337 million with no grand prize winner in two months. If you match all five white balls and the red Powerball, you'll become the lottery's newest multimillionaire, raking in $209 million cash payout before taxes.

What time is the Powerball drawing and how can you watch it online?

Tonight's Powerball numbers will be drawn at 10:59 p.m.

ET. There are a number of ways to get the results instantly online on WRAL's website or on your phone using the LotteryHub app for iPhone and Android mobile devices. The app is free and, once you download it to your phone, you can watch the drawing live on your smartphone. Don't have time to watch? The app allows users to scan their Powerball ticket — if you match the winning numbers, you will be alerted that you are the jackpot winner.

How much money will you take home if you win the $337 million jackpot?

If only one ticket is sold with the winning numbers, the winner will get the entire jackpot.

However, tickets sales typically increase when the jackpot gets high, so there's always the chance that the jackpot will be split between multiple winners.

The cash value of Saturday night's Powerball jackpot is $209 million. That means if you choose to get a check for the entire amount, you're not going to be taking home the full $337. And then Uncle Sam will step in and tax your prize before payment is issued.

According to USA Mega, federal taxes of approximately 25 percent will be deducted from the lump sum payout. That leaves the jackpot winner with approximately $156,825,000.

The payment will shrink even more if you live in a state that taxes lottery winnings. Taxes range from state-to-state, but here are a few examples.

  • Arizona withholds 5 percent, leaving the winner with $144,279,000 after federal and state taxes.
  • New York withholds 8.82 percent for state taxes. That means the winner will net $138,382,380.

If you live in California, Delaware, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, or Wyoming, you will only pay federal tax, not state taxes.

What's the cutoff time for buying a Powerball ticket?

Powerball tickets are currently sold in 44 states, Washington, D.C., Puerto Rico, and the U.S. Virgin Islands. Purchase your ticket for $2 at many convenience stores, grocery stores, and other lottery retailers. The cutoff time for purchasing a ticket is typically one hour before the drawing, but some retailers stop sales earlier.

What will you do with your millions if you win Powerball tonight?