How much money the $ billion Powerball winner will actually get

tax on lottery winnings california
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It's most likely the Powerball winner we'll get to know first A ticket matching all six winning numbers drawn on July 19 — 7, 10, 11, 13, and

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

taxi 88 slot The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

tax on lottery winnings The lump sum payment is about 60–65% of the announced prize, let's say 62% Then federal tax is 37% There is no California state tax on lottery