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

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

how to win on progressive slot machines How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total

how does nhl draft lottery work 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,