The largest-ever Powerball jackpot is $1.9 billion.

November 8,2022

BY VASANTHA

Image credit:- Google

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If you win, you probably won't need to worry about money because the prize pool is a record-breaking $1.9 billion.

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winnings from the Powerball lottery

Depending on the payout they select and whether their state taxes the winnings as income. hundreds of millions.

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the number of winner

A lesser total of $934.8 million in a one-time lump sum payout, or 30 years of annual payments, according to Powerball.

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the total jackpot sum was distributed

They would almost likely pay a total income tax of 37% when they filed.

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wins must make an automatic

because their profits would place them in the highest tax bracket, which is 24% federal withholding tax.

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The amount you would receive after taxes in each state and Washington, D.C., if you won the $1.9 billion jackpot,

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$1.9 billion jackpot

To Powerball's forecasts, is shown below. The top tax rate is 37%.

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The lump sum and annuity option

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