LANSING, Mich. (WLNS) — The Powerball jackpot has reached a staggering $815 million, and the golden ticket has but to be bought as of Tuesday afternoon.
With the fortunate winner nonetheless undecided, gamers could also be considering: how a lot cash will the winner take dwelling after taxes and different deductions?
USAMEGA studies that after taxes are accounted for, if a Michigander buys the profitable ticket and chooses the annuity possibility, they will obtain $16,003,396 per 12 months, totaling $480,101,880 after 30 funds.
If the money possibility is chosen, the winner will obtain a complete of $216,184,230.
The Powerball jackpot was final gained in Michigan on January 1, 2024, by a Mid-Michigan lottery membership. The membership gained $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 gained on Might 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 will be watched on-line.
