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Powerball jackpot is $930M, but after taxes, winners get about $283.6M federally, plus state taxes.
The Powerball jackpot has reached $930 million, but winners face steep taxes.
A $429 million cash option drops to about $326 million after 24% federal withholding.
Including 2025 federal taxes at 37%, the total falls to roughly $283.6 million.
State taxes vary from 2.9% in North Dakota to 10.9% in New York, with eight states imposing none.
Group winners must formalize agreements to avoid IRS gift-tax issues, as distributions over $13.99 million ($27.98 million for couples) are taxed at 40%.
Experts recommend consulting tax, financial, and estate professionals, particularly when choosing the 30-year annuity to manage tax impact and preserve wealth.
El premio mayor de Powerball es de $930 millones, pero después de impuestos, los ganadores reciben alrededor de $283.6 millones a nivel federal, más impuestos estatales.