Jackpot

Anadolu Agency | Anadolu Agency | Getty ImagesOf course, the advertised amount is only what you'd get if you were to choose to take your winnings as an annuity spread over three decades. The lump-sum cash option — which most winners choose — for this jackpot is $403.8 million, as of mid day Tuesday.Regardless of how you'd decide to receive your windfall, taxes would take a bite out of it.$96.9 million in taxes would be shaved off cash optionAssuming you're like most winners and were to choose the cash option, a mandatory…

Anadolu Agency | Anadolu Agency | Getty ImagesCalifornia does not tax lottery winningsWhile the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not tax lottery winnings, according to the state's lottery winner's handbook. So if the winning ticket holder lives in the Golden State, no state or local taxes on the windfall would be due.However, if the winner lives elsewhere, their state of residency would determine what they owe in their jurisdiction. Those levies range from…

With suspense only growing after Powerball officials delayed the Monday drawing for the record-breaking jackpot, the winning numbers for the $2.04-billion grand prize were announced early Tuesday — and it looks like there was at least one winning ticket.California Lottery officials said the jackpot was hit Tuesday, but it hasn’t yet been confirmed where or how many tickets matched the six winning numbers. Details should be announced later Tuesday morning.The numbers for the drawing, which was held in Tallahassee, Fla.,…

Powerball sign and lottery tickets are seen at a 7-Eleven store in Milpitas, California, on Nov. 7, 2022.Tayfun Coskun | Anadolu Agency | Getty ImagesThe drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. The headline prize climbed beyond its earlier $1.9 billion estimate.The winning numbers were white balls 10, 33, 41, 47, 56, and red Powerball 10. The Power Play multiplier was 2X.The drawing at the Florida…

Credit: Unsplash/CC0 Public Domain The latest Powerball jackpot swelled to US$1.5 billion on Nov. 2, 2022—just shy of the record amount—after another drawing passed with no winning ticket. The next drawing will be held on Nov. 5. The prize is now the third-largest lottery the world has ever seen, behind a $1.6 billion Powerball…

Mark Ralston | Afp | Getty ImagesWhoever is the next jackpot winner in Powerball will be looking at the largest lottery prize ever awarded.The tax bill will also be pretty impressive.After no one hit all six numbers drawn Saturday, the Powerball jackpot headed higher. For Monday night's drawing, it's now an estimated $1.9 billion if taken as an annuity spread over three decades and $929.1 million if received as an upfront, lump sum of cash — that's nearly a $1 billion difference in the two options.More from Personal…

A record Powerball jackpot grew to an even larger $1.9 billion after no one won the lottery drawing on Saturday night. The winning numbers were 28, 45, 53, 56, 69 and the Powerball 20. The drawing for the $1.9 billion jackpot is Monday. The winner can opt to get paid annually over 29 years, or choose cash, which would be $929.1 million, according to the California Lottery Association’s website.The Powerball jackpot varies depending on how many numbers a player correctly guesses. To take the top prize, players must match…

Jonathan Alcorn | ReutersIf you manage to beat the odds stacked against hitting the Powerball jackpot, don't forget you'll have a silent partner in the win: the taxman.The jackpot for Saturday night's drawing is now the largest lottery prize ever at an estimated $1.6 billion — pretax — if you were to opt to take your windfall as an annuity spread over three decades. The upfront cash option — which most jackpot winners choose — for this drawing is $782.4 million, also pretax. With the chance of a single ticket hitting the…

Wilf (Gary Carr) and Flynne (Chloë Grace Moretz) in The PeripheralImage: Prime VideoTen years from now, a young woman in the rural South turns to a lucrative side hustle to pay for her mother’s medical treatment: playing virtual reality games to help rich clients level up. But as we see in The Peripheral, her latest gig is far more than a game, and the world it opens up is incredibly vivid, dangerous, and complex.That’s the very basic set-up for Prime Video’s new series, which is based on the 2014 novel by cyberpunk…

Will Lester | Medianews Group | Getty ImagesThere's a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million windfall in their lap.That's the advertised jackpot amount for the lottery game's next drawing, set for Friday night. It's the third time this year the top prize has crossed the $400 million mark, but remains far below the $1.34 billion jackpot won in July.Powerball's jackpot isn't far behind for its Saturday night drawing: $378 million.More from Personal Finance:46% of…