The Powerball lottery jackpot has reached an estimated $815 million after no winner in the recent drawing. Winners can choose between a lump sum or annuity payment, with most opting for the lump sum. However, after federal and state taxes, the actual amount received can be significantly lower. State tax rates on lottery winnings vary, with some states not taxing lottery winnings at all. It is important for winners to consider the tax implications before deciding how to receive their prize.
Powerball Jackpot Soars to $815 Million After No Winner in Monday’s Drawing
REUTERS/Stephanie Keith
What's Happening
-
FLY Morning RushStart Your Day With Jake & Libby
-
FLY92.3 Group ChatExclusive Contests, Content & More! Join Now!
-
FLY92.3 AppGet Our Free App Now! Let's Go Everywhere Together
Events
-
September Library Board of Trustees meeting
Join us for the Cohoes Public Library Board of Trustees meeting at 6:30pm
-
Pet Connection Tailgate PartySteve Caporizzo is hosting his annual Pet Connection Tailgate Party!
at Tailgate Tavern -
-
Albany Job FairJoin us for the Albany Job Fair from 2p-6p on April 16, May 14, June 4, July 16, Sept 10, and Oct 1 at the Holiday Inn Express & Conference Center in Latham New...
at Holiday Inn Express (Crystal Room)