How much of the $ billion Powerball jackpot is left after taxes?

how much of the lottery is taxed
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You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible

You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains

festive lion slot Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you  However, that's not all Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax