Powerball Analysis Payout Amount by State

Reply #9

Todd — Sun, 17 Jan 2016 21:52:05 GMT

The notes at the bottom of the Jackpot Analysis page are very detailed. Have you checked them out

Reply #8

Ron5995 — Sun, 17 Jan 2016 20:29:40 GMT

The chart is showing the approx amount the winner will receive. It's not the amount the winner will finally get to keep, since, as you point out, the max tax rate for income is 39.6%. While it's possible some winners may be able to net close to the values shown in the table depending on their specific circumstances and how they utilize the money, most will not; they'll owe the IRS money. As it stands now, the numbers shown are inflated by upwards of 20%.

It would be helpful, if the table was... [ More ]

Reply #7

sirbrad — Sun, 17 Jan 2016 20:03:08 GMT

Yeah, I was wondering WTF someone copied and pasted the full payouts from the USA Mega site and with no link or credit. If you did not own it that would be stealing intellectual property and posting it as their own. I figured they must be new here, then saw they had 14,000 posts since 2009...Would have made more sense to post it when it was $1.6 billion not now.

WTF.....

Reply #6

lucky6025 — Sun, 17 Jan 2016 19:55:26 GMT

Hi Todd, love your post and advice and info on this website, very well done and most informative anywhere on the web. Quick question under Analysis page cash payout and Federal holdings is 25% how come it is not 39.6% as I thought all gambling is taxed at 39.6 %...I might be wrong, if so sorry. just wondering

Bill thanks and have a nice day

Reply #5

Todd — Thu, 14 Jan 2016 02:50:21 GMT

Just be aware that the post was a copy-and-paste of the Jackpot Analysis page at USA Mega. I would greatly prefer that people NOT copy and paste text from either Lottery Post or USA Mega into a message in the forums. Instead, they should only post a LINK to the page they would like to talk about -- and then they should add THEIR OWN commentary about it.

If all someone wants to say is something that I have already written, then that's not a valid forum post. People should be writing their own... [ More ]

Reply #4

Raven62 — Thu, 14 Jan 2016 02:15:02 GMT

For this and future drawings: https://www.usamega.com/powerball-jackpot.asp

Reply #3

DG1USA — Thu, 14 Jan 2016 01:35:06 GMT

A winning post

Reply #2

Candlelight777 — Wed, 13 Jan 2016 22:32:43 GMT

Awesome post

Reply #1

LottoMomma — Wed, 13 Jan 2016 20:13:50 GMT

GOOD POST!

LM

Powerball Analysis Payout Amount by State

FLATRANSPLANT — Tue, 12 Jan 2016 00:42:55 GMT

Powerball Jackpot for Wed, Jan 13, 2016 $1,400,000,000 $868,000,000

Gross Prize 30 average annual payments of $46,666,667

Lump-sum cash: $868,000,000

- 25% Federal Tax - $11,666,667

- $217,000,000

Subtotal

$35,000,000

$651,000,000

- State Tax:

Arizona: 5% State Tax for In-State Residents - $2,333,333

- $43,400,000

Your average net per year: $32,666,667 Your net payout: $607,600,000

After 30 payments: $980,000,010

Annuity Payment Schedule

Non-Ari... [ More ]