Florida lottery ticket hits $ billion jackpot, nets $ million

Florida lottery ticket hits $ billion jackpot, nets $ million lottery winner taxes The Powerball jackpot has grown to an estimated $1 billion Here's what the winner can expect to pay in taxes lottery sambad 29_03_24 The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

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lottery ticket purchase online Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Whatever option the winner chooses, the federal tax rate of 24% is automatically withheld from the payments, according to Frizzi-Babb For the