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Powerball jackpot above $1 billion: What's the tax bill?

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foxbusiness.com/lifestyle/powerball-jackpot-above-1-billion-whats-tax-bill

The future tax bill that a lottery winner will see has often garnered attention once the windfall has climbed to an eye-popping level.
That has recently been the case with the Powerball jackpot. Its estimated pre-tax value moved above the $1 billion threshold over the weekend, hovering around $1.2 billion on an annuitized basis after nobody won Monday evening’s drawing. On a…

This story from foxbusiness.com was posted on 2023-10-03 by @earthed.

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