As well, of the 45 states where the multi-state lotteries can be played, only eight of them don’t collect state lottery taxes. However, most players chose to take the lump-sum payment instead of the annuity option which cuts the actual amount by more than half.Īnd lottery windfalls are cut down further with a instant cut going to the tax man followed by income taxes later on from the federal government. ![]() Currently, the two lotteries are tied for the number of top ten largest jackpots in US history.Īll but one of the biggest jackpots in US history have amassed a ten-digit theoretical payout. ![]() The jackpot currently ranks as the game’s fourth-largest prize only behind three grand prizes that. Get the winning numbers, watch the draw show, and find out just how big the jackpot has grown. The jackpot has a cash value of 367 million. The Powerball jackpot now stands at an estimated 785 million for the next drawing on Monday night. They had a similar effect of swelling the jackpots on offer. Players will have a chance to play for the fourth-largest Powerball jackpot next week. Not to be outdone, Mega Millions changed its rules a couple years after Powerball. Get the winning numbers, watch the draw show, and find out just how big the jackpot has grown.
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