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Next Powerball Drawing
Tomorrow$195,000,000Winning numbersPowerball09/18•Drawing days Wednesday & Saturday at 10:59pm ET / 7:59pm PT- 01
- 11
- 22
- 47
- 68
- 07★
www.powerball.comWe've crafted this tool so that you can compute how much tax you have to pay after winning the lottery. Find out and compare the total payout you would receive if you chose the lump sum or annuity option - followed by a payout chart displaying all 30 annuity payments.
4 days ago · Here’s how much taxes you will owe if you win the current Powerball jackpot. You can find out tax payments for both annuity and cash lump sum options. To use the calculator, select your filing status and state.
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.
Check out a payout analysis of the current Powerball jackpot below. You'll find out the advertised annuity and lump sum amounts, along with their ultimate worth after taking into account federal and state tax.
YearGross Annuity ValueFederal Tax (24 %)State Tax (4 %)1$2,016,892.30-$484,054.15-$80,675.692$2,117,736.92-$508,256.86-$84,709.483$2,223,623.76-$533,669.70-$88,944.954$2,334,804.95-$560,353.19-$93,392.20Jul 11, 2024 · With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37%. (So after the 24% off the top, that is...
Powerball Jackpot for Wed, Sep 11, 2024. $134,000,000. $67,600,000. Gross Prize. 30 average annual payments of $4,466,667. Cash: $67,600,000. - 24% federal tax. - $1,072,000. - $16,224,000.
Sep 13, 2024 · Find out and compare the total payoff whether you selected the lump sum or rental option, followed by a payout chart with 30 rental installments. Just enter the stated Jackpot amount into our Powerball calculator and choose your status and the calculator will handle the rest.