![]() Winners in other locations could pay as much as 10.75% in state or local taxes, according to USA Mega. Fourteen states don’t levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming. The winner-or winners-will owe 24% to the IRS in federal taxes, and then additional taxes when they file (winning that much money will put you in the top federal tax bracket). If there’s a winner who chooses the lump sum option, they could take home roughly $929.1 million, the second-highest cash prize ever. ![]() Most financial experts advise winners take the lump sum, and that’s what most winners opt to do. Winners can choose to receive a one-time lump sum payment or an annuity, with the prize being paid out over 30 years. The Double Play is a feature that gives players in select locations another chance to match their Powerball numbers in a separate drawing. The lump sum payment before taxes would be about 207.1 million. That helped the jackpot climb from $1.9 billion to over $2 billion. 05-11-33-35-63, Powerball: 14, Power Play: 2X The estimated Powerball jackpot is 400 million. ![]() Mega Millions winning odds are 1 in 302,575,350. Mississippi Lottery Powerball winning odds are 1 in 292,201,388. The Powerball figures were drawn Tuesday morning after a nearly 10-hour delay. Mississippi (MS) lottery results and winning numbers, as well as information on all of the Mississippi lottery games which include Powerball and Mega Millions. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |