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

how is the lottery paid out
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If the winner is a resident, the Texas Lottery Commission is required to withhold 24% for federal taxes upfront However, based on

If a winner is picked on Monday, they will be able to choose to either receive the full amount of $975 million paid out in a 30-year annuity

how many people at a poker table While the lump sum provides a full prize up front, the annuity offers one immediate payment, followed by 29 annual payouts that increase 5%

how old do you have to buy a lottery ticket The annual-payment option invests the value of the estimated present cash value of the jackpot amount in securities over a period of years (usually 20 to 30