LANSING, Mich. (WLNS) — The Powerball jackpot has reached a staggering $1.4 billion, and the golden ticket could possibly be claimed throughout Wednesday’s drawing.
With the fortunate winner nonetheless undecided, gamers could also be pondering: how a lot cash will the winner take residence after taxes and different deductions?
USAMEGA reviews that after taxes are accounted for, if a Michigander buys the profitable ticket and chooses the annuity possibility, they’re going to obtain $27,459,646 per 12 months, totaling $823,789,380 after 30 funds.
If the money possibility is chosen, the winner will obtain a complete of $372,694,230.
The Powerball jackpot was final received in Michigan on January 1, 2024, by a Mid-Michigan lottery membership. The membership received $842.4 million, the most important jackpot in state historical past. The profitable ticket was bought in Grand Blanc.
Monday’s drawing would be the thirty seventh drawing because the jackpot was final received on Could 31, when the profitable ticket was bought in California, paying out $204.5 million.
Powerball drawings happen at 10:59 p.m. on Mondays, Wednesdays, and Saturdays and could be watched on-line.
Money vs. annuity: Which payout do you have to take should you win the $1.4B Powerball jackpot?
High 10 largest Powerball, Mega Thousands and thousands jackpots
$2.04 billion (Powerball): Nov. 7, 2022; California
$1.765 billion (Powerball): Oct. 11, 2023; California
$1.602 billion (Mega Thousands and thousands): Aug. 8, 2023; Florida
$1.586 billion (Powerball): Jan. 13, 2016; California, Florida, Tennessee
$1.537 billion (Mega Thousands and thousands): Oct. 23, 2018; South Carolina
$1.4 billion (Present Powerball jackpot)
$1.348 billion (Mega Thousands and thousands): Jan. 13, 2023; Maine
$1.337 billion (Mega Thousands and thousands): July 29, 2022; Illinois
$1.326 billion (Powerball): April 6, 2024; Oregon
$1.269 billion (Mega Thousands and thousands): Dec. 27, 2024; California
