LANSING, Mich. (WLNS) — The Powerball jackpot has reached a staggering $815 million, and the golden ticket has but to be bought as of Wednesday afternoon.
With the fortunate winner nonetheless undecided, gamers could also be pondering: how a lot cash will the winner take house after taxes and different deductions?
USAMEGA stories that after taxes are accounted for, if a Michigander buys the profitable ticket and chooses the annuity possibility, they’re going to obtain $16,688,813 per yr, totaling $500,664,390 after 30 funds.
If the money possibility is chosen, the winner will obtain a complete of $225,466,730.
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 for the reason that 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 may be watched on-line.
