Trump’s lawyer confirms his concern about Supreme Court ballot ruling With additional taxes, you’ll see roughly 37% of your prize money withheld, should you win. Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot.

Whether the winner takes the annuitized payouts or the cash prize, a large chunk is withheld for taxes. It also stands as the 10th-largest jackpot across Powerball and Mega Millions behind a $1.05 billion Mega Millions grand prize hit by a ticket in Michigan in 2021.Ī winner would, however, receive much less than the advertised $810 million, or the $408.9 million cash value. Here are the 10 largest Powerball jackpots: At this size, the jackpot ranks as the fifth-largest in game history, coming in behind the $1.08 billion jackpot won in California in July of last year. CNN Sans ™ & © 2016 Cable News Network.Not sure how to play Powerball? Here’s what you need to knowĪs of Monday, Powerball officials estimate the jackpot to be $810 million, with a cash value of $408.9 million. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc.

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