Jackpot claimed: About the $ billion Powerball win

First, the lump sum isnt $ billion — it's something like $775 million That's the amount that would be subject to just about 37% tax (The

What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the

$25 a week lottery strategy explained Even though the jackpot was $ billion, the winner will take home much less than that after taxes If they choose the lump sum payment

$2 billion lottery winner after taxes Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or