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

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Powerball allows the grand prize winner to decide how he or she wants to get the money — either by choosing an annuity where the jackpot is paid

If the winner is a resident, the Texas Lottery Commission is required to withhold 24% for federal taxes upfront However, based on Do I have to pay state tax on lottery winnings? Most states charge a tax on lottery winnings The amount initially withheld and how the

lucky piggy slot Cash is paid on the day of validation An annuity will be paid in 25 annual installments with the first annuity payment being % of the jackpot share  States took in a record $ billion in lottery sales, paid out $ billion in prizes, and had $ billion in income, in 2021, the most