How much $1B Powerball winner takes home after taxes -

How much $1B Powerball winner takes home after taxes - 1 billion lottery after taxes If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal 131223 kerala lottery result The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an

131223 kerala lottery result After federal taxes have been taken, USA Mega estimates the lump sum will be worth $325 million while the annuity will be worth an average of

18324 kerala lottery result Right off the bat, one must consider that the federal government taxes lottery winnings at 24 percent, knocking the cash prize down to a mere ( On the $ billion Mega of last night, after the mandatory Federal tax withholding, the winner received $ million That amount is then