Solved Lottery winners who take the lump-sum payouts instead

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If the Powerball winner takes the lump sum payment, right away, nearly a quarter of the prize is withheld for federal taxes And they're not off

Under the lump sum route, the winner's payout would be reduced by a mandatory 24% federal tax withholding, cutting the prize to just under The cash you can choose to receive immediately if you win is depicted in smaller type, beneath the so-called jackpot — yet this cash option is

the florida lottery winning numbers If the Powerball winner takes the lump sum payment, right away, nearly a quarter of the prize is withheld for federal taxes And they're not off Pros: Taxes favor taking the lump sum because rates are so low right now In 25 years, who knows? Financial pros also point out that with a