Should Powerball lottery winners take lump sum prize or annuity

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Lottery Tax Calculator helps you determine what you owe in taxes Know how lottery winnings are taxed? What is the tax rate for lottery? And more at TaxAct

Use the lottery tax calculator to estimate the tax amount deducted from a lottery prize, received as either a lump sum or through annuity payments  All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,

lottery bible Advertised lottery jackpots are the sum of annuity payments winners receive over decades; the alternative lump-sum payouts are much smaller Prizes account for With the cash option in the Mega Millions jackpot, the winner would get a cash payout of $ million, or $ million after federal taxes