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Lottery players nationwide have the chance at nearly $2 billion as the Mega Millions and Powerball jackpots continue to roll

powerball Current Jackpot $41,000,000 EST CASH VALUE $19,400,000 next drawing: July 7 ; mega millions Current Jackpot $181,000,000 EST CASH VALUE The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

video poker juegos For comparison, another recent $ billion Powerball jackpot had an estimated cash payout of about $ million Powerball taxes: Lump sum payout or annuity He could choose to receive an annual payout of $25,000 for the rest of his life, or he could opt for a one-time lump sum payment of $390,000 He