How much taxes take from the $ billion Powerball prize

1 billion lottery after taxes
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Mega Millions in January 2021 to $ billion through Powerball in November 2022 after taxes and deductions are withheld ” Generally,

, the lottery has said Tuesday's jackpot win comes seven months after the largest-ever Mega Millions grand prize 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

kerala lottery result 21_11_2023 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax But after federal taxes — amounting to more than $13 million — the net total per year would be around $23 million It's important to note that