This weekend’s Powerball drawing is one for the file books — the $1.8 billion jackpot is now the sport’s second-highest prize of all time. (The world file is the $2.04 billion Powerball jackpot, which was gained in California on Nov. 7, 2022.)The successful ticket has an estimated money worth of $826.4 million.”Pleasure is constructing as gamers look ahead to tomorrow evening’s drawing for this historic jackpot,” mentioned Matt Strawn, Powerball Product Group Chair and Iowa Lottery CEO, in a press release. “We encourage everybody to play responsibly and take satisfaction in figuring out that each $2 ticket additionally helps assist good causes of their neighborhood.”
Associated: 1000’s of Lottery Gamers Have been Mistakenly Advised They Received MillionsSaturday’s Powerball drawing can be live-streamed on Powerball.com, broadcast reside at 10:59 p.m. ET from the Florida Lottery draw studio in Tallahassee. Powerball tickets value $2 and are offered in 45 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands.
How A lot Cash Will the Winner Obtain?A 24% federal tax is imposed instantly. Then, for the reason that winner has skyrocketed themselves (in the event that they weren’t there already) into the best tax bracket (37%), the leftover tax can be paid when submitting 2025 taxes.CNBC notes that many states then add on a 2.5% to 10.9% revenue tax, although eight states (California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming) do not tax lottery winnings. In the entire above states, the winner would take dwelling essentially the most cash accessible, with a lump sum of $520,674,980 or an annuity of $1,135,289,400, in line with USAMega.com and CNBC.On the other finish, the states the place the winner will obtain the least after taxes are:New York (lump sum: $430,597,380; annuity: $939,089,400)New Jersey and Washington, D.C. (lump sum: $431,836,980; annuity: $941,789,400)Oregon (lump sum: $438,861,380; annuity: $957,089,400)Minnesota (lump sum: $439,274,580; annuity: $957,989,400)Maryland (lump sum: $442,166,980; annuity: $964,289,400)Massachusetts (lump sum: $446,298,980; annuity: $973,289,400)Vermont (lump sum: $448,364,980; annuity: $977,789,400)Associated: I Received $28 Million within the Lottery Once I Was 21. It Modified Every thing.
This weekend’s Powerball drawing is one for the file books — the $1.8 billion jackpot is now the sport’s second-highest prize of all time. (The world file is the $2.04 billion Powerball jackpot, which was gained in California on Nov. 7, 2022.)The successful ticket has an estimated money worth of $826.4 million.”Pleasure is constructing as gamers look ahead to tomorrow evening’s drawing for this historic jackpot,” mentioned Matt Strawn, Powerball Product Group Chair and Iowa Lottery CEO, in a press release. “We encourage everybody to play responsibly and take satisfaction in figuring out that each $2 ticket additionally helps assist good causes of their neighborhood.”
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