Despite the fact that there was more than 26,500 winner, no 1 won Wednesday’s Powerball jackpot.
The payment will be for the prize amount, less mandatory withholdings of 25% federal tax and 5% state tax.
An annuity can assist, by actually limiting the funds in your possession.
He chose to obtain his winnings as a a single-time, lump-sum payment of $795,000.
Here’s a full list of the maximum quantity of sophisticated Powerball draw purchases permitted per jurisdiction.