How much would the $ billion Powerball winner take home in the

1 billion lottery winner after taxes
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The 2024 federal tax brackets place the Mega Millions jackpot winnings at a 37% tax rate, whether the winner opts for the lump sum or not That's because the 37

If the Powerball winner takes the lump sum payment, right away, nearly a quarter of the prize is withheld for federal taxes And they're not off

127 slot A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes

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