After no one correctly matched all six numbers during the California Lottery’s drawing
Although the grand prize is still unclaimed, two high-tier victors have emerged: each earned $2 million in Montana and North Carolina with two tickets, which benefited from the Power Play choice. Ten other tickets spread over nine separate states each earned $1 million as well.
Powerball jackpot players now have a big decision: they can go with the annuity, which offers a 30-year payment that slowly rises, starting with alternatively they can choose a lump-sum cash option
Depending on the victor’s state of residence, state taxes can range widely from insignificant amounts to over 10%; however, exact numbers were not offered in this paper. To show the size of this reward, the last record, an astounding $2.04 billion Powerball jackpot
Finally, the Powerball jackpot payout has reached an astounding $1.3 billion. Million-dollar payouts have already helped a chosen small number of players to claim major victories. A prospective jackpot winner will have to give much thought to the decision between a long-term annuity and instant cash; both choices will be taxed, and then face tax liabilities that may significantly lower the net payout by hundreds of millions.
