Powerball and taxes: What you have to pay if you win the $935 million

if i won the lottery how much would i get
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You defied astronomical odds to win a multimillion-dollar lottery prize If you've defied the odds and won a lottery jackpot, you should be

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  HOW DO YOU WANT YOUR MONEY? 50% CASH OPTION: ONE LUMP SUM PAYMENT PRIZE, Annual Payment Before Taxes, Annual Payment After Federal

how are lottery winnings paid out If you win an amount that exceeds , then the amount is subject to TDS as per the Income Tax Act 1961 The prize money is taxable at 30%  However, if you want a lump sum payment, you must claim the prize within 60 days of the drawing date A jackpot claimed after 60 days will