What is current powerball jackpot11/19/2023 ![]() The federal income tax also draws from the jackpot later. MICHIGAN LOTTERY LAUNCHING ‘GHOSTBUSTERS’ TICKET WHERE PLAYERS COULD GET ‘SCARY RICH’Ī woman holds Powerball lottery tickets inside a store in Homestead, Florida, on July 19, 2023. That tax, worth 24%, shaves quite a bit of money off the final amount the lucky lottery ticket holder would ultimately receive. The future tax bill that a lottery winner will see has often garnered attention since the total take-home amount will be far smaller after taxes.įor a jackpot of the current size, a federal withholding tax would apply to it. Powerball tickets are $2 per play and are sold in 45 states, the District of Columbia, Puerto Rico and the U.S. ![]() ![]() POWERBALL JACKPOT GROWS TO AN ESTIMATED $960M- 4TH LARGEST IN HISTORY The previous Powerball jackpot totaled $1.08 billion and was claimed on July 19 by one person in California.ĭrawings are held three times per week: every Monday, Wednesday and Saturday. (Natalie Kolb/MediaNews Group/Reading Eagle via Getty Images) The Powerball jackpot now sits at an estimated $1.4 billion for Friday's drawing after no players claimed to match all six winning numbers on Wednesday.
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