The jackpot has an estimated cash value of $834.9 million, according to Powerball officials.

A lucky person who bought a ticket in Arkansas will take home a whopping $1.817 billion Powerball jackpot, which has a cash option of $834.9 million.

The Christmas Eve prize is the second-largest U.S. lottery jackpot ever won and the largest Powerball prize this year, according to a news release from the Multi-State Lottery Association.

  • [object Object]@lemmy.world
    2·
    2 hours ago

    lottery payment is income and will be taxed accordingly by relevant entities, this will further reduce the take home amount by another 40%-60%.

    I keep seeing USians say that the US has low income tax compared to Europe, and then there’s this.

    • pheonixdown@sh.itjust.works
      1·
      1 hour ago

      I didn’t actually go do the math on it, looks like it’s accurately 37% to 50% (or thereabouts), I saw several EU countries listed around 53%-57%, so it can be pretty measurable, I guess.