• Powerball Jackpot Reaches $426 Million

    From JAB@21:1/5 to All on Sun Aug 3 12:00:17 2025
    Here's What The Winner Could Take Home After Taxes
    ...
    ...
    If a winner is drawn Monday, they will have the option of either
    accepting the $426 million prize spread out over 30 annualized
    payments, or take the lump sum of $193.5 million, which is the more
    popular option for winners.

    However, a federal withholding tax of 24% is applied to that jackpot,
    bringing the winnings down to $323.7 million, or $147 million for the
    lump sum.

    https://www.forbes.com/sites/zacharyfolk/2025/08/03/powerball-jackpot-reaches-426-million-heres-what-the-winner-could-take-home-after-taxes/

    Plus state tax where taxed.

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  • From JAB@21:1/5 to All on Sun Aug 10 21:15:40 2025
    Winners can choose between receiving $501 million in annualized
    installments, or a lump sum of $229.5 million.

    https://bsky.app/profile/forbes.com/post/3lw2jh6z6gm2w

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