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How much $ Powerball winner takes home after taxes lottery powerball jackpot payout I would therefore set up a lottery trust to claim the winnings I'm NOT sure if one is better off taking it as a lump sum or annuitized payment lottery result lottery sambad lottery result If you take the annuity option, which is 30 annual payments over 29 years, you get more of the value of the jackpot The total payout over 30

lottery tax in usa Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax