How much money will you get after taxes if you win the Powerball

How much money will you get after taxes if you win the Powerball lottery payout after taxes 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 lottery office near me Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

lottery office near me Your net payout: $56,777,812 After 30 payments: $121,227,360 Annuity Payment Schedule California: No state tax on lottery prizes Your average net per year

lottery sambad 1_12_23 So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax