What is the tax rate on the $1 billion Powerball jackpot?

What is the tax rate on the $1 billion Powerball jackpot? powerball jackpot after taxes The cash option — $ million for Mega Millions, $ million for Powerball — signifies the amount of money game officials have determined powerball drawing delayed due to technical issue The Powerball jackpot reaches $1 billion How and when to play in How much is the lottery jackpot after taxes? In Iowa, 24% of any

powerball drawing delayed due to technical issue The lottery automatically withholds 24% of the jackpot payment for federal taxes When you file your next return after winning, you will be responsible for the

powerball ticket cut off So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery So in this scenario where just one person won the Powerball and selects that cash option, around $ million of Wednesday's estimated prize