Watch the Powerball drawing live on abc7NY.com at 10:59 p.m. on Mondays, Wednesdays, and Saturdays. You can win a Jackpot if you match all the 6 numbers. States try to put heavy taxes on Lottery Jackpot winnings. Match Payout; 5 + PB: 5: $1 Million: 4 + PB: $50K: 4: $100: 3 + PB: $100: 3: $7: 2 + PB: $7: 1 + PB: $4: Only PB: $4: This Payout chart shows the prize amount in 9 different tiers. Thus, without being won, the prize keeps on getting bigger, making it a progressive jackpot. We want to hear from you. The Role of Luck in Winning Jackpots: Myth vs. But we try to keep it updated always. On Wednesday and Saturday at 10:59 pm Eastern Time. Updated: You can check state tax for your residing state on Powerball Analysis page. Your chance of hitting either game's jackpot with a single ticket is miniscule. All Rights Reserved. The Role of Luck in Winning Jackpots: Myth Vs. Mega Millions Jackpot Analysis, Powerball Jackpot Analysis, American Express, Bank Transfer, Bitcoin, Entropay, Ethereum, Maestro, Mastercard, Neteller, Nordea Pay, paysafecard, Postepay, Skrill, Visa, Boleto, CartaSi, Carte Bleue, Diners Club, Discover, ePay.bg, GiroPay, Maestro, Mastercard, Neteller, Nordea Pay, paysafecard, Postepay, Rapid Transfer, Skrill, Sofort, Trustly, Visa. The 10X multiplier is only in play when the advertised jackpot annuity is $150 million or less. Also, according to the best jackpot site ratings, it has the most user-friendly online facility compared to another jackpots in the US. Federal tax is variable from 10% to 37%. It is not endorsed by or affiliated with any state, multi-state or national lottery provider. We have listed down all the Powerball payouts in a chart. The Lottery analysis. If you choose annuity then you will get the amounts in 30 parts for next 29 years. 02 09 28 36 53 04. Next Jackpot $161,000,000. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. Select a state to view the Jackpot Analysis for Powerball and MEGA Millions including the following information: Current jackpot amount, cash option lump-sum amount. Have a breaking news tip or an idea for a story we should cover? And, if you would like to learn more about strategies that actually work, take a glimpse at our in-depth, 1XBet Casino Bonus Every Day: Crack the Safe and Win Apple Watch, Discover New Games With Everygame Casino: Win Up to $100 Weekly, Poker Episodes at Betsafe Casino: Get Your Share Of 200.000, USA Bingo Room at CyberBingo: Buy 6 Get 3 Free Offer, Powerball Jackpot Online: Hurry Up to Get Up to $131 Million. State taxes I have mentioned might be different in your state, so you need to verify it from your end. There might be some regional taxes in your jurisdiction, So you have to pay those taxes separately. As you win a prize, You will need to pay taxes on your winnings. Gross Annuity Value. I have set the Federal tax to 37% because of the jackpot amount. There are 5 white balls, from numbers 1-69, and one red Powerball. Powerball.club is an independent service that offers unofficial results and information about the American PowerBall lottery. Powerball drawings are held every Monday, Wednesday and Saturday at 11:00 pm. That amount would be reduced by a 24% federal tax withholding of about $107 million, as well as any state taxes due. Drawings occur thrice a week, and the jackpot grows until the jackpot is won! A Division of NBCUniversal. jackpot $143 Million. The annuity option may not be as attractive for older players, but it does guarantee a very healthy income for the next three decades. No. Year number is also mentioned in each box. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. Historical Powerball Winning Numbers and Results. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. Most winners prefer the immediate cash prize. The first Powerball was drawn on April 19th, 1992. You can also view the Powerball annuity payout table further down, which details the amount a single winner of the jackpot would receive each year from their lucky win should they choose the annuity option. At the time of writing, all the state tax percentages are correct, but It may change anytime, and this data might be outdated. $2.04 billion Nov. 7, 2022; California. The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion pretax if you were to opt to take your windfall as an annuity spread over . The history books show that the largest jackpot win ever to date was in October 2016. Your total tax liability is around 40-45% approximately. Higher interest rates have allowed annuity payments to increase compared with earlier jackpots, when rates were lower. Powerball-MegaMillions.com is an independent service that offers unofficial results and information about games provided by MUSL and other US states. Results Statistics Jackpot . On Wednesday and Saturday at 10:59 pm Eastern Time. Powerball is a multi-state lottery game played in the United States. So your final payout will be something approximately 40% less. Powerball Cash Option amount will be paid at the time of claim. Yet more would likely be due to the IRS at tax time. Otherwise it is out of the game. Players win a prize by matching one of the 9 Ways to Win. $687.8 Million - Oct. 27, 2018 - IA, NY, 10. More Jackpots. This deep Analysis of Powerball lottery Jackpot will give you a clear idea about how much money you get and how much will be the tax deduction. Play like a pro. But this is not the case for remaining eight payout, each winner will get the prize amount individually. 59 13 times. Powerball-MegaMillions.com brings you the winning numbers live today, straight after drawings take place. View a size of the current PowerBall lottery jackpot. Select the number of consecutive drawings you want to play in the Multi-Draw or Advance Play section of your play slip or tell the retailer how many drawings you wish to play. It may be for some charity or donation. We also get your email address to automatically create an account for you in our website. Powerball's top prize has surged yet again, vaulting it into the top 10 largest jackpots in U.S. lottery history. The Powerball starts at a low $40 million and keeps growing until someone wins the grand prize. Even if there are more tickets sold in a particular drawing, your odds of winning a prize are the same. Some states in the US may deduct some amount from your jackpot for child care, or to help some NGOs. The cash value which most winners choose instead of an annuity spread over 30 years for this $620 million jackpot is $446 million. With no one matching all six numbers drawn Wednesday night, the jackpot is now an estimated $620 million for Saturday night's drawing. The chance of a single ticket matching all six numbers drawn in Powerball is about 1 in 292 million. 1. Copyright 2023 WABC-TV. Top Tips For Playing And Winning Virtual Scratch-Off Cards, The Impact Of The Casino Streamer On The Online Casino Industry. 2023 CNBC LLC. If you choose annuity then you will get the amounts in 30 parts for next 29 years. All Rights Reserved. Jackpot wins 5. Although the US Powerball was launched officially in 1992, the Multi-State Lottery Association was formed at the end of 1987. Draw History . The Show Me feature allows you to view the winning numbers on your desktop without the need to open your browser. This option will give you 100% of the advertised jackpot. Federal Tax ( 24 %) State Tax ( 4 %) Net Total. Start dreaming of your prize here by checking out the biggest prizes in history. The cash option, however, is driven by ticket sales. So to help you in this situation, I have created this software to calculate the jackpot amount for you. The chance of winning the top prize in Powerball is 1 in 292 million; for Mega Millions, it's 1 in 302 million. Mega Millions Jackpot Analysis. Here are the winning numbers: 22, 11, 23, 5, 69 with a Powerball of 7. This means that unless you were able to reduce your taxable income by, say, making charitable donations, another 13% or about $101.7 million would be due to the IRS. The full jackpot is for a winner opting for an annuity distributed in one immediate but partial payout followed by additional payments over 29 years that increase by 5% annually. These are the Powerball winning numbers in past 50 lottery draws. Federal tax rate, amount. The Mega Millions jackpot has reached an estimated $405 million for Friday night's drawing after no ticket matched all six numbers drawn Tuesday. There are two options you can choose to get your winnings, One is Annuity and second is cash. When you are choosing the Annuity option, then you should be aware of how much money you will get each year. The winner also should make a copy of their ticket and store the original in a safe place (i.e., a lockbox or a bank safe deposit box). Powerball gives you an extra benefit which you might not know. Multiplier can be 2x, 3x, 4x, 5x, or 10x. The headline prize climbed . $758.7 million, Powerball, Aug. 23, 2017 (one ticket, from Massachusetts), 9. The US Powerball is the biggest lottery jackpot payout to this date. What the debt limit standoff means for you, These year-end tax moves may help you save. This chart will show you how much you will win with different winning number combinations. Check with your local authority to see if this applies to you. Powerball is played in 45 states as well as Washington D.C, the U.S. Virgin Islands and Puerto Rico. And this analyzer will evaluate the jackpot and break it down in thirty parts. The annual payments increase by 5% until the 30th and final payment. The first Powerball was drawn on April 19 th, 1992. The jackpot for the next drawing scheduled for Wednesday is $20 million, according to the lottery's website. To win the grand prize, youll want to have a ticket with at least 5 correct match numbers. There is a second option, which is an Annuity option, and in this, you can get your jackpot amount in 30 installments. Since then, there have been 38 drawings with no grand prize winner. Mega Millions Jackpot Analysis: Largest Winners. You need to select the state in which you are residing or bought a lottery from there. This cash amount is going to be the full and final amount paid at once. Data is a real-time snapshot *Data is delayed at least 15 minutes. $2,423,281.05. POWERBALL AND MEGA MILLIONS LOTTERY RESULTS. Generally speaking, the first call should be to an attorney experienced in assisting lottery winners, experts say. Many lottery players in the world would find appeal in what the US Powerball offers its citizens. Get this delivered to your inbox, and more info about our products and services. Tuesday, July 5, 2022 . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. You have two options to get paid. The largest jackpot ever won was a $1.6 billion prize in January 2016. Gross payout is not the amount you are going to get in hand. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. Keep Up With the Winning Numbers in Powerball! If the winner were to go with the lump sum, $187.8 million would be withheld for federal taxes and that would likely be just the start. The cash option for this jackpot is $782.4 million, just under half the annuitized value. This liability includes both federal and state tax. So people can win prizes according to the different types of payouts. Two were purchased in Nassau County: one at Barefoot Peddler on Glen Cove Road in Greenvale, the other at Farmingdale Petroleum on Oyster Bay Road in Hicksville. For you, this is going to get a hectic task to do it by yourself. Spin and Win With 1XBET App: Amazing Prizes Are Waiting for You! 7:40 am - $366.7 million Powerball jackpot won in Vermont. We did a research to gather the data of the Powerball jackpot, and only then we are able to provide you an audit of it. The other $1 million ticket was sold in Lower Manhattan, at Liberty News and Gifts inside the Staten Island Ferry Terminal. 27, 2019; Wisconsin. Wisconsin . All the tax rates are subject to change any time, so please consult a tax attorney if you win a jackpot. Three lucky players were fortunate enough to win the $1.586 billion prize. Here we are going to analyze the jackpot of Mega Millions. Powerball is a multi-state lottery game that regularly offers jackpots worth hundreds of millions of dollars. To find out where to watch the drawings, click here. Here for the Jackpot amount, you always fall on a 37% tax category. Power Play: 4x. The majority of winners in recent years have opted for the cash lump sum. In Idaho and Montana, Powerball is bundled with Power Play for a minimum purchase price of $3 per play. We try to keep things updated, but consulting an attorney is the best idea to manage your funds. That is something very technical, so better to consult an expert in this matter. I have fixed federal tax to 37% because the Jackpot amount is always more than $20 Million, and that's the percentage for that much money. The total jackpot could increase depending on the number of . While the top winner was not from the Tri-State area, officials say three tickets worth $1 million each were sold in New York. 15 11 times. So if you need all the money at one time to establish a business or a store, then this is a good idea to take full payment at once rather than taking in installments. USA is America's leading lottery resource. $131 Million. A Powerball jackpot of $40 million may not seem like much, but ask yourself this is $40 million really a small amount of money? Reality. There are two types of taxes you need to pay on your jackpot-winning amount. The largest jackpot ever won was a $1.6 billion prize in January 2016. $1.05 billion, Mega Millions, Jan. 22, 2021 (one ticket, from Michigan), 7. 35 13 times. This amount will be less than the actual Jackpot amount because of the tax deductions. Weve also got the logistics coveredsee below to learn more about payment options and taxes. Other professionals also should be brought in to help, including a tax advisor and a financial advisor. https://s3.amazonaws.com/cdn.powerball.com/drupal/files/2017-12/how-tall-desktop_0.jpg. See the Payouts from the latest drawing. WATCH: New York state lottery drawings live daily at 2:30 p.m. and 10:30 p.m. and Wednesdays and Saturdays at 8:15 p.m. Powerball drawings are also streamed here on Monday, Wednesday, and Saturday at 10:59 p.m. Mega Millions drawings are streamed on Tuesday and Friday at 11:00 p.m. ALSO READ | Woman pleads guilty to stealing cousin's $1 million New York State Lottery jackpot, * Download the abc7NY app for breaking news alerts. Minimum payout is $4 if you match one white ball with Power ball or match only Power ball. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years. Born in a devout Catholic family, his dear mother still believes that he's a sports news journalist. Powerball is a multi-state jackpot game with life-changing starting jackpots. Annuity payment information including yearly payment before and after tax. It also works as a tax calculator, so that you can see how much is withheld, whether you want to take the annuity or the cash lump sum. Powerball costs $2 per play. The jackpot for Powerball's Monday night drawing is a whopping $1 billion. If the annuity option is selected, the winner is guaranteed to receive 30 graduated payments over 29 years. By reaching out to the online lottery sites, youll find that you can pretty much play the US Powerball, as well as other lotteries worldwide, siting in your living room. Biggest jackpot $2.04 Billion. This is the case when all of your . Select five numbers from 1 to 52 for the red balls, then select one number from 1 to 10 for the Lotto America Star Ball. Sat, Mar 04, 2023 @ 12:00 AM. Powerball's top prize is $457 million for . Not nearly that much, How much a car loan could cost, based on credit score, Free returns at retailers may soon be a thing of the past, Affluent shoppers embrace secondhand shopping. Owned by the Multi-State Lottery Association, the Powerball is held bi-weekly. First is the main Jackpot pay off which is going to be . While some jurisdictions have no income tax or do not tax lottery winnings others impose a top tax rate of more than 10%. The cash amount is a lump sum amount that you will at the time of claim. The table below shows the difference between Annuity payments and Cash Lump Sum. Approximate (lump sum) cash amount is around 60% of the advertised jackpot. It set a new record for the largest lottery prize of all time when a Californian player won over $2 billion in November 2022. 41 11 times. To check the Cash Option amount you can use the following calculator. Jackpot Analysis. The Powerball is the largest jackpot win to date, when three lucky players shared a prize of $1.586 billion between them. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. For our non-Latin speakers, that means the multiplier will sometimes even enhance your ticket by 10 times! . One person from Washington state won the $754.6 million Powerball grand prize on Monday, but two million-dollar tickets were sold on Long Island. 53 12 times. This increment is because of money inflation rate. If you take the annuity and die before the payments have finished, the remaining money gets paid to your estate. The concept is intriguing and certainly makes the Powerball a more universal lottery. Powerball Jackpot Analysis. Avg. Home; Jackpot Alerts; Lottery Post; Search (text only) . decimal places). This development was huge for both lottery companies with now 47 states offering both Mega Millions and Powerball options. 33 10 times . You still have a 1 in 24.9 chance of winning a prize when the advertised jackpot is $1 billion. Powerball drawings are held every Monday, Wednesday and Saturday at 10:59 p.m. WATCH THE POWERBALL DRAWING LIVE ON ABC7NY.COM AT 10:59 PM MONDAY, 2. Got a confidential news tip? Whenever you choose annuity rather than cash amount in the Powerball lottery then you need a clear information about how much money you are going to get each year. In case you didnt know already, the Powerball was first known as Lotto America. So if you opt this option by paying $1 additional then you can multiply your winning amount by a multiplier. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. Established in 1995, Lottery It also calculates the amount of federal tax, state tax, and the final payout. The largest Powerball jackpot ever won was in January 2016, when three winners split a prize advertised at $1.586 billion. The table shows the breakdown of annuity payout and tax for each year. There are two options you can choose to get your winnings, One is Annuity and second is cash. Powerball is played in 45states, Washington DC, Puerto Rico and the US Virgin Islands! Lowest and Highest Powerball Jackpot. Powerball Jackpot Analysis. Powerball jackpots make winners instant millionaires. The tax information provided here is based on 2022 federal marginal rates and state tax rates. You can check state tax for your residing state on Powerball Analysis page. Stacey Sager has more. For Mega Millions, it's 1 in 302 million and for Powerball, 1 in 292 million. State Tax:- State taxes in the US varies between 0% to 10% and is independent of payout value. The chance of your ticket hitting the jackpot in that game is roughly 1 in 302 million. Players must be 18 or over to participate in online lotteries. Rate this games. And the maximum amount you can win in current Powerball is the Jackpot Prize. Play the same set of numbers in multiple drawings! Deaths of 2 men drugged, beaten after night out ruled homicides, Do not to buy Raspberry Rally cookies from eBay, Girl Scouts say, Activists demand end to Penn Station re-development plan. This Analyzer will calculate all 30 installments which you are going to get upcoming 29 years. Current est. Meanwhile, the Mega Millions jackpot is at $34 million for Friday night's drawing. At some places you can choose this after winning the jackpot, So for that information you need to contact the lottery office in your jurisdiction. The skys the limit. In addition, youll need the correct Powerball number as well. Tom Sizemore dead at 61 after suffering brain aneurysm, ABC7 New York 24/7 Eyewitness News Stream, New York state lottery drawings live daily at 2:30 p.m. and 10:30 p.m. and Wednesdays and Saturdays at 8:15 p.m, Woman pleads guilty to stealing cousin's $1 million New York State Lottery jackpot, Download the abc7NY app for breaking news alerts. It will automatically calculate the federal tax and the state tax for you and also deduct it from the gross amount and then show you the final amount. ET. Powerball costs $2 per play. For this $632.6 million jackpot, each winning ticket is worth an annuitized $316.3 million or $225.1 million cash. There is a Power Play option in this Lottery. All winning tickets must be redeemed in the state/jurisdiction in which they are sold. NEW YORK (WABC) -- Someone in Washington state overcame steep odds to win a $754.6 million Powerball jackpot. And an analysis of jackpot payouts by Annuity payments and Cash Lump Sum. We have developed this calculator for you to analyze the Jackpot of Powerball. PowerBall Jackpot Analysis. This makes it important for winners to get professional guidance before heading to lottery headquarters. You can't deny paying this tax. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The figure went down in history as the third largest US win ever. Saturday night's 01/28/23 Powerball jackpot was worth $572 million, with a cash-value option worth $308.9 million. That winless streak allowed the prize to grow larger and larger until it stood as the ninth-largest in U.S. history. But what happens if you match only few numbers? We stop selling Powerball tickets at 10 pm on draw nights, so make sure to get your tickets early. A Division of NBCUniversal. To buy the option for Power Play, youll need to pay an additional $1 on-top of your ticket price. Whether it's a small payout or a large one, You have to pay federal and state taxes. But now we have provided you a clear audit for the Jackpot amount here. Choose your numbers on a play slip or let the lottery terminal randomly pick your numbers. Both prizes available are the amounts before taxes, Powerball said. Thank You for Signing Up for our Newsletter. $1.337 billion, Mega Millions, July 29, 2022 (one ticket, from Illinois), 6. Powerball Payout Chart for Todays' Draw. As an introduction to this Powerball jackpot analysis, you may learn a great deal more about the US lottery. Current Jackpot amount is $56 Million, So we are going to break this into 30 parts, those are called as annuities. You'll find out the advertised annuity and lump sum amounts, along with their ultimate worth after taking into account federal and state tax. Heres what you need to know about taxes on Powerball jackpots, See how much money youll get in every annual installment if you choose an annuity payment, This is how much money youll take home if you opt for a cash jackpot payment. But if in your country it is something different, then please calculate your amount according to that. Simon has been conducting research and attending Expos in the iGaming industry for a good few years now. Federal tax is universal in whole US but state taxes are different for each state. * Please Note: In addition to federal and state tax, some cities and counties may also levy an additional local income tax, which will be applied on top of all other tax. Give it a try! For an additional $1 per play, the Power Play feature can multiply non-jackpot prizes by 2, 3, 4, 5 or 10 times! If you choose annuity payments, then you have to pay all the taxes each year on the gross amount for that particular year. -$581,587.45. We show both the initial mandated federal withholding of 24% as well as the remaining federal taxes that will be due. This complete analysis gave you a rough idea about how much tax you might need to pay. Is the Smithsonian Institution in Washington, D.C. a small building? And the multiplier is 3 X. The Power Play will see small combinations be doubled, tripled, quadrupled, quintupled or even decupled. But it is something that boosts your confidence and also recovers your ticket cost. The drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. The number of Multi-Draws or Advance Plays available for purchase is dependent on the selling jurisdiction. This Analyzer will calculate all 30 installments which you are going to get upcoming 29 years. The 30 payments added up equal the value of the annuity. Before 2010, states would either sell Mega Millions or Powerball lottery tickets. $768.4 million, Powerball, March 27, 2019 (one ticket, from Wisconsin), 8. of draws 156. $731.1 million, Powerball, Jan. 20, 2021 (one ticket, from Maryland). $768.4 million Mar. The cash value which most big lottery winners choose instead of an annuity for this $620 million jackpot is $446 million. And, more would likely be owed to the IRS at tax time. Ask for Power Play with your Powerball purchase! Thus, online lottery operators such as theLotter or Lotto Agent, act as the middleman to help you participate. Check the Lottery news for winning numbers and winners. Powerball lottery result for August 28, 2022, Sunday 's draw is 13, 36, 43, 61, 69, 18. When you win the Jackpot then how much you are going to get after the taxes. That meant some states, such as Montana, Colorado, South Dakota and Arizona, would sell both Mega Millions and Powerball tickets. $754.6 million, Powerball, Feb. 6, 2023 (one ticket, from Washington), 10. These 30 parts you will get for the next 30 years. And that's the reason to promote the lottery They broke down the prizes in 9 tiers. $1.35 billion, Mega Millions, Jan. 13, 2023 (one ticket from Maine), 5. Super Jackpot Party Slots Machine Jackpot Analysis. But if you match only few numbers then you have to check Powerball Payout page to know how much you won. Powerball Analyzer. These are the 30 break up of $113 Million Jackpot those you will get each year respectively. This deep Analysis of Powerball lottery Jackpot will give you a clear idea about how much money you get and how much will be the tax deduction. Copyright Multi-State Lottery Association. $2.04 billion, Powerball, Nov. 8, 2022 (one ticket, from California), 2. The upfront cash option which most jackpot winners choose for this drawing is $782.4 million, also pretax. If attaching a video or photo, terms of use apply. Everyone is not going to win a huge amount by matching 5 or 6 numbers in each draw. The Powerball jackpot grows until it is won. So what would you pay in taxes if you were to beat the odds and land the jackpot? Jackpot winners who choose an annuity payout will receive their winnings over the next thirty years. That is to say, because both lotteries are progressive, they dont have a maximum value. POWERBALL HISTORICAL NUMBERS. Depending on where the ticket is purchased, you get anywhere from three months to a year to claim your prize. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The overall odds of winning a prize are 1 in 24.87. * Don't forget to pay taxes on your winnings. The jackpot has been growing since early June when a single ticket sold in Florida won $286 million. How much will a New Yorker take home if they win the $1.9 billion Powerball jackpot? Powerball gives you an extra benefit which you might not know. Prize amount of Match 5 main numbers will be multiplied by 2 only even if the multiplier is more than of it. Over the years, the US Powerball grew in popularity stretching to a total of 45 States in addition to the District of Colorado, Puerto Rico and the US Virgin Islands. $1.586 Billion - Jan. 13, 2016 - CA, FL, TN, 9. Last Modified Date:- February 28, 2023. If you matched all 6 numbers then you win a Jackpot. The multiplier number is randomly selected just before each drawing. To play Powerball, you must purchase a ticket from a licensed retailer in one of the . . You can check history and match your numbers in those past draws. Lottery officials said in a statement early Tuesday that a single ticket matched all six numbers and that ticket sales pushed the jackpot higher than an earlier $747 million estimate. Year. $1.586 billion Jan. 13, 2016; California, Florida, Tennessee. All the tax amounts mentioned here are just a rough idea by taking the Jackpot amount is the only source of income. $632.6 Million - Jan. 5, 2022 - CA, WI, 1. Federal Tax:- In the US, Federal tax is dependent on the money you earn or win. The odds presented here are based on a $2 play (rounded to two Send it to Eyewitness News using the form below. Powerball payout starts from $4, and that can be win by matching one number only. Select five numbers from 1 to 69 for the white balls; then select one number from 1 to 26 for the red Powerball. With the chance of a single ticket hitting the jackpot at about 1 in 292 million, the top prize has been rolling higher through thrice-weekly drawings since Aug. 3, when a ticket in Pennsylvania matched all six numbers drawn to score a $206.9 million jackpot.
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