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Decrease of cash valueReply
It's just gonna keep going down, down, down until someday a $1.5 billion Powerball jackpot winner will only take home a lump sum of $25,000,000 after taxes.
Oct 22, 2023, 9:04 pm - jjtheprince14 - Lottery Discussion Forum

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
Well, give the winner a chance to cash the ticket first I suppose is the thing to do here. We do though need a follow up on this story regarding how much he tipped. 800k is a little excessive actually. The winner is not going to get 5.8 million after taxes. They are going to get 5.8 million and then pay the taxes since they took the lump sum. Ballpark around 3 million. The clerk doesn't deserve 30% or so. More like 5% would be fair.
Oct 20, 2023, 12:04 pm - billybucks - Lottery News

North Carolina: 9/1 - 9/30/2023Reply
Cassie do they take taxes out before depositing into your account? Curious.
Sep 28, 2023, 10:02 am - BeatriceTaylor - Pick 4 Forum

$1.58 billion Mega Millions lottery winner has two weeks left to claim cash optionReply
I'm fine with tens of thousands of dollars, heck, so, 1 million after taxes more like the truthful of 1/2 million it would be, after taxes, is fine too. I am sure this person shall claim it at the very last few minutes. (i hope)
Sep 23, 2023, 2:05 pm - Cassie8620 - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
How much will federal taxes be on this amount? 50%???
Aug 6, 2023, 3:07 pm - Ziopic$ - Lottery News

$1.25 BILLION: Mega Millions jackpot set to deliver unimaginable wealthReply
Great attitude to have. Even after taxes, it's still a lot of money to use to make your life better.
Aug 4, 2023, 7:33 pm - PrisonerSix - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
Disclaimer : The below is not tax advice and should not be construed as such. There are I think around 8 states that don't tax lottery winnings. However, one will still have to pay federal taxes which max out at 37% depending on the amount won and marital status. That and the fact that different states tax lottery winnings at different percentages makes it hard to have a one hat fits all approach to taxes on lottery winnings. However, this forum has done a good job of showing the tax
Jul 27, 2023, 12:30 pm - JustMaybe - Lottery News

$1 BILLION: Powerball jackpot hits milestone for 3rd timeReply
I want to see someone OR ME ACTUALLY WIN A BILLION DOLLARS. AFTER TAXES.
Jul 18, 2023, 12:29 pm - Armanijoyce - Lottery News

Florida: 7/1 - 7/31/2023Reply
Federal Withholding Taxes Winnings and any taxes withheld are reported in accordance with the Internal Revenue Code and Code of Federal Regulations on all Florida Lottery winnings with a value of $600 or more. If a Florida Lottery prizewinner is a U.S. citizen or resident alien, the Internal Revenue Service (IRS) requires the Florida Lottery to withhold 24 percent federal withholding tax from prizes greater than $5,000. For non-resident aliens, the Florida Lottery is required to withhold 30
Jul 14, 2023, 10:47 am - Honeybfly - Pick 3 Forum

$875 MILLION: Powerball lottery jackpot surges on rolloverReply
The cash amount is 441,900,000 and federal taxes are 163,465,955 so even with no state taxes that's 278,434,045 after. Are you getting it mixed up with the mega millions jackpot of $560M
Jul 13, 2023, 7:53 pm - SoCola - Lottery News