classicrawker
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Nobody won Saturdays power ball the new jackpot is est. to be $1.3 Billion, yes theat is Billion with a B, dollars! the lump sum payment after taxes will be more than $400 Milloin dollars to the lucky winner.
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It is not all tax. It is a little complicated but the lotto winnings are actually an annuity so you would get the full $1.3 billion but spread out over 30 years. If you decide on a lump sum cash payout then you get just over half which would be about $650 Million pretax dollars. After taking the lump sum payout and taxes you end up with about 1/3 of the original jackpot so somewhere between $400-450 Million. Still crazy money if you win!
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