The Payouts For The Powerball Lottery And Their Corresponding Odds And Probabilities Of Occurrence Are Shown Below The Price Of A Ticket Is $100 Divisions Payout Odds Probability 5 Plus Powerball$50,045,000 146,107,960000000006835 Match 5 247,00
So the present jackpot is $1.five billion, assume a winner in a state with a six% income tax who requires the lump sum rather than the annuity , and that the jackpot is not split amongst various winners. The lump sum solution is $930 million, and $232 million will be withheld straight away for federal taxes and $56 million for state taxes. So the winner gets a verify for $642 million, but will owe a different $136 million when they…