Powerball Winners - Powerball jackpot grows to $650 million. Here’s the tax bill if there’s a winner https://t.co/hUnKviaECo Before winners see a penny of the multimillion-dollar jackpot, there’s a mandatory 24% federal withholding that goes to the IRS.

1:41pm PDT - July 10th, 2023

Powerball jackpot grows to $650 million. Here’s the tax bill if there’s a winner https://t.co/hUnKviaECo Before winners see a penny of the multimillion-dollar jackpot, there’s a mandatory 24% federal withholding that goes to the IRS.

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Jim Pavia (@jimpavia)