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Powerball Jackpot Soars to $748 Million—Here's What a Winner Would Actually Take Home After Taxes

Powerball Jackpot Soars to $748 Million—Here's What a Winner Would Actually Take Home After Taxes

The Powerball jackpot has ballooned to an estimated $748 million after no ticket matched Saturday night's winning numbers. While the headline prize is staggering, a lucky winner would ultimately take home far less after federal and state taxes. The lump sum cash option is approximately $325.1 million, which would be reduced to about $204.8 million after the highest federal tax bracket is applied.

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