How much money will you get after taxes if you win the Powerball

how much do lottery winnings get taxed
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Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

The state of South Dakota does not tax lottery winnings How can I hear Scratch ticket and lotto game winners are required to be public knowledge  Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

which lottery should i play lottery winnings of any amount, unless the prize can be considered income from employment, a business or property, or a prize for achievement According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4