Wednesday's Powerball jackpot has reached $1.4 billion, but how does that compare to other lottery prizes? And how much will the winner actually take home?

Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer​​, from celebrity news to compelling human interest stories. The wife said she and her husband had “both been really busy” and so checking their Powerball ticket slipped their minds.