WebApr 13, 2024 · Middletown, PA – A Pennsylvania Lottery retailer in Luzerne County sold a Powerball® with Power Play® ticket worth $100,000 for the Wednesday, April 12 drawing. The ticket matched four of the five white balls drawn, 9-36-41-44-59, and the red Powerball® 4 to win $100,000, less applicable withholding. WebNov 3, 2024 · Powerball - $1.9B Monday, $929.1M cash value -- $585.3M after taxes. Texas Lottery -- $12.25M Monday, $6.96M cash value -- $4.4M after taxes. Editor's Note: We incorrectly reported the...
Annuity or lump sum? Calculating how much a $1.9 billion Powerball …
WebNov 9, 2024 · The winner takes home $628.5 million after federal tax. Then, depending on whether the winner’s state taxes lottery winnings, he may have to add state taxes too. … WebLottery 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 salary. And you … memphis tn parthenon
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WebApr 24, 2024 · About $114.5 million will be immediately withheld in federal taxes, bringing the amount down to around $362.5 million. ... After Franco won, the Powerball drawing reset to $40 million. Markets ... WebFeb 18, 2024 · Although the odds of winning a Powerball grand prize are only 1 in 292 million, they improve to 1 in less than 12 million for the smaller $1 million prize. ... That’s because $930 million is the actual jackpot and the $1.5 billion is the calculated worth if you choose the annuity payment plan. ... (to meet 37% tax rate) Total prize after ... WebApr 14, 2024 · If you win the minimum $20 million jackpot and choose the lump sum payout, the Federal government withholds 24% from your winnings automatically. If you are looking at a $12 million payout — roughly the lump sum option for a $20 million jackpot — you’ll pay $2,880,000 in taxes before you see a penny. Now you are down to $9,120,000 in your ... memphis tn pay ticket