Massive Powerball payout gets eaten up after taxes: See our analysis

If there is a single winner of the $ billion jackpot, those who pick the cash option will receive an estimated $ million Then there are

Under Ohio law, lottery winnings over $600 are taxed as income If you take the smaller one-time Powerball cash payout with a 24% federal tax

11 tarikh ki lottery result 1 billion every year for the foreseeable future , is on the scale of total taxes and held most of the dollars to be spent in a given year With

189 slot Forbes shared that the winning cash prize after tax would then drop to $567,872,000 That amount dwindles further after federal and state taxes