How much does Powerball jackpot winner get after taxes?

lottery payout after taxes
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The payout would get 5% bigger each year after that The cash option How much are lottery winnings taxed? If you win nearly a billion dollars in

All lottery winnings over $5,000 are first subject to a tax withholding of 24% from the lottery agencies, so with a $ million payout, about

lottery hotspot The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

lottery luck Then there are the state taxes Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida,