Powerball jackpot lump sum vs annuity: Which option is better?

lottery cash option calculator
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There isn't a 66% tax on lottery winnings It's 37% plus the state tax rate But you lose half the jackpot if you take the lump sum

lottery play bhag lakshmi Lump SumCash Option Calculator Gross Payout $610,000 Federal Taxes $146,400 Arizona $30,500 Net

lottery georgia post Please note that the jackpot prize calculator will provide you with only an estimate of the annuity and cash option prize amount