Powerball Jackpot Grows to $748 Million—Here’s How Much A Winner Could Take Home After Taxes - Forbes
The Powerball jackpot has climbed to an estimated $748 million after no winning tickets were sold for the most recent drawing. The article breaks down the tax implications and payout options for a potential winner.
Why it matters
High-value lottery jackpots generate significant public interest and economic discussion regarding tax policy and personal finance.
Breaking News Powerball Jackpot Nears $750 Million—Here’s What A Winner Would Take Home After Taxes By Zachary Folk ,
Topline The Powerball jackpot grew to $748 million after no winning tickets were drawn on Saturday night, however a potential winner would ultimately take home far less after taxes.
No winners were drawn on Saturday night, but multiple people won prizes of at least $1 million. MediaNews Group via Getty Images Key Facts No tickets matched all five numbers drawn on Saturday night (6, 17, 27, 48, 50 and Powerball number 5), so the jackpot grew again, to an estimated $748 million for the next drawing.
If a winner is drawn on Monday night, they will be given an option to take the entire $748 million in 30 annual payments, or receive a lump sum worth about $325.1 million immediately.
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