As well, of the 45 states where the multi-state lotteries can be played, only eight of them don’t collect state lottery taxes. ![]() However, most players chose to take the lump-sum payment instead of the annuity option which cuts the actual amount by more than half.Īnd lottery windfalls are cut down further with a instant cut going to the tax man followed by income taxes later on from the federal government. But what are the other top Powerball jackpots Heres the list: 10. 23, 2018 (one ticket, South Carolina) 1.4 billion, Powerball - current 1.35 billion, Mega Millions Jan. Currently, the two lotteries are tied for the number of top ten largest jackpots in US history.Īll but one of the biggest jackpots in US history have amassed a ten-digit theoretical payout. They had a similar effect of swelling the jackpots on offer. Not to be outdone, Mega Millions changed its rules a couple years after Powerball.
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