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Today$131,000,000Estimated jackpotWinning numbersPowerball05/25- 06
- 33
- 35
- 36
- 64
- 24★
Drawing days Wednesday & Saturday at 10:59pm ET / 7:59pm PTwww.powerball.com-$6,288,000. Net jackpot after tax. $93,272,000. Payment schedule. Notes. Each annual annuity payment increases by 5% from the previous year. For clarity, we assumed that payments 1 and 2 are made in separate tax years. The lottery automatically withholds 24% of each payment for federal taxes.
Annuity Payment Schedule: Georgia: 5.49% state tax - $239,730 - $3,359,880: Your average net per year: $2,553,082: Your net payout: $35,237,932: After 30 payments: $76,592,460: Annuity Payment Schedule: Idaho: 5.8% state tax - $253,267 - $3,549,600: Your average net per year: $2,539,546: Your net payout: $35,048,212: After 30 payments ...
AnnuityCashGross Prize 30 average annual payments of ...Cash: $61,200,000- 24% federal tax - $1,048,000- $14,688,000- Add'l federal taxes due (37% final ...- $7,914,188Subtotal $2,792,812$38,597,812- Our Powerball Calculator Explained
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As you might already know, when a player wins the Powerball jackpot, they have to choose between a single lump sum or 30 annual payments to receive their prize. Choosing the lump sum, also known as the cash option, reduces the jackpot size to approximately 61% of the original amount, but awards it all at once to the player. On the other hand, the a...
The Powerball payout chart below captures the different prize tiers and odds of winning. Figures in this chart are rounded to the nearest one and are based on a single $2 play.
Advertised Jackpot:The total payment a winner would receive should they choose the annuity option for any given drawing. This number is based on the funds in the prize pool (including all prior rollovers), expected ticket sales for the next drawing, and current market interest rates. Annuity Payout Option:Payment scheme wherein prizes are awarded s...
Check out our Mega Millions Payout and Tax Calculatorto figure out how much taxes you will owe on your lottery winnings and also your payout for both cash and annuity options. If you haven't bought your tickets yet and are wondering what the odds of your winning are, you can use our Lottery Odds Calculator or geek out and dive into the math behind ...
Jan 18, 2024 · With the Powerball calculator (which is actually a Powerball payout calculator or a lottery lump sum vs. annuity calculator), you can estimate how much money you will receive and compare the Powerball lump sum vs. annuity payouts to make the best financial decision on your winnings.
The calculator will display the taxes owed and the net jackpot (what you take home after taxes). Current Powerball jackpot. Monday, May 27, 2024. $131,000,000. Federal tax. Withholding (24%) Select your filing status. State tax. Arizona (4.8%) Select your state. Annuity option. Jackpot. $131,000,000. State tax (4.8%) - $6,288,000. Federal tax (24%)
The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. Cash or Annuity? The majority of winners in recent years have opted for the cash lump sum.
$6,692,800. Notes. The cash lump sum jackpot value shown here is an estimate calculated based on percentages used by the most recent Powerball draw. The lottery always withholds 24% of jackpot payments for federal taxes. You’ll owe any additional taxes when you file your next return.
