Here's what the $1 billion Powerball winner could owe in taxes

1 billion lottery after taxes
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After nobody won Tuesday's Mega Millions That has happened as the Mega Millions jackpot went above $1 billion pre-tax in late July

If you win over $5,000 from a Powerball or Mega Millions jackpot, or any lottery game, state lotteries are required to withhold 24% in federal

15_1_24 lottery result The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

15 tarik lottery result That leaves the winner with about $364,888,000 with the cash option after taxes — an embarrassment of riches, to be sure, but significantly less