How much $1B Powerball winner takes home after taxes

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The silver lining is that lottery agencies typically withhold 24% of winnings over $5,000 immediately, which could help offset some of the tax A winning ticket has been sold in California for the Powerball jackpot worth an estimated $ billion The California Lottery said on

pa lottery bonus Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments If you match all six winning numbers, you win the jackpot! How to play If the player selects the cash option, they will receive a single payment