How much money will you get after taxes if you win the Powerball

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After federal taxes have been taken, USA Mega estimates the lump sum will be worth $325 million while the annuity will be worth an average

Taken as a cash payout instead of an annuity, it would be worth $ million before taxes Powerball jackpot on July 19, 2023 It was the So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery

क्रिकबज लाइव स्कोर After federal taxes were paid, an annuity winner would take home There is no additional state tax on lottery winnings in Texas If Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $363,432,000