20 lottery winners who lost it all — as a $935 million Powerball

1 billion lottery after taxes
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According to estimates from , the winner of the publicized $ billion jackpot would earn $280,885,562, if they take the lump sum

But after federal taxes — amounting to more than $13 million — the net total per year would be around $23 million It's important to note that The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

dynamite mine explosion slot Forbes shared that the winning cash prize after tax would then drop to $567,872,000 That amount dwindles further after federal and state taxes  That leaves the winner with about $364,888,000 with the cash option after taxes — an embarrassment of riches, to be sure, but significantly less