Gross Payout (~61% of the jackpot) $610,000: Federal Taxes Paid (24%) $146,400: Arizona Taxes Paid ( 5% ) $30,500: Net Payout (after taxes) $433,100
Powerball Jackpot for Sat, Oct 16, 2021. $58,600,000. $42,500,000. Gross Prize. 30 average annual payments of $1,953,333. Cash: $42,500,000. - 24% federal tax. - $468,800. - $10,200,000.
Lottery winners can collect their prize as an annuity or as a lump-sum. Often referred to as a “lottery annuity,” the annuity option provides annual payments over time. A lump-sum payout distributes the full amount of after-tax winnings at once. Powerball and Mega Millions offer winners a single lump sum or 30 annuity payments over 29 years.
Five numbers from 1 to 69, plus a Powerball from 1 to 26, are selected at random. You win prizes in the same way as you do in the main draw, starting with $7 in the Match 0 + Powerball category. The jackpot is worth a fixed $10 million in every drawing. Head over to the Double Play page to see all the prize details.
South Dakota: No state tax on lottery prizes: Your average net per year: $2,009,928: Your net payout: $41,615,928: After 30 payments: $60,297,840: Annuity Payment Schedule
Legal Stuff: All calculated figures are based on a sole prize winner and factor in an initial 24% federal tax withholding. A portion of this information has been provided by usamega.com, and all figures are subject to fluctuation resulting from (but not limited to) changes in tax requirements, lottery rules, payout structures, personal expenditures, etc.
It's the largest payout to any Arizona Lottery player ever and the 11th largest Mega Millions jackpot in history. Friday, June 19, 2020, 3:54 pm One Arizona lottery ticket wins $410 million Mega ...
New York (NY) lottery results (winning numbers) and prize payouts for Numbers, Win 4, Take 5, Lotto, Cash4Life, Powerball, Mega Millions, Pick 10.
In the event of a discrepancy between information on the website regarding winning numbers, jackpots or prize payouts and the CT Lottery’s enabling statutes, official rules, regulations and procedures the enabling statutes, official rules, regulations and procedures shall prevail.
Lottery.co.uk. Lotto. Results. The latest Lotto results are shown here after each Wednesday and Saturday draw - just select a specific date to access a full prize breakdown, including the number of winners and how much prize money was paid out in total.