Powerball winnings after taxes: How much the winner of the $

Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you

Federal Tax Withholding: The lottery is required to withhold 24% of your winnings for federal income tax purposes if you win more than $5,000

how many times can you win the lottery For comparison, another recent $ billion Powerball jackpot had an estimated cash payout of about $ million Powerball taxes: Lump sum payout or annuity

how to buy lottery tickets Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a