$357 million only for powerball winner 2016
Powerball jackpot of $1.3 billion has:
Cash Option is 50% of the jackpot I believe. That's approximately $650 million - minus about 45% in taxes = $357 million for the winner
That is $1 billion less than shown as "powerball jackpot"
I don't know why people find the need to bring up how you're ONLY going to get 300 million not a billion and they seem so disappointed about it. If they took 99% of the winnings and I was left with only 1% I'd still be fuckin' stoked lol.
That's it for me no more lotto tickets. What a rip off for a $2 investment.
I don't know about you, but $300+ million isn't exactly chump change where I'm from.
If they 'only' gave me 1% of the money I'd still walk away with 10 million fuckin dollars so I don't really give a damn.
Headlines should be "powerball jackpot - 45% taxes & perks"
Well, thems the rules bub. Don't like it? Don't play it. My question is where is the extra money coming for to pay off the 'non-jackpot winners'.
Instead of powerball's 900 million dollar jackpot, they should give 200 prizes of $5 million to 200 winners. $5 million for a family is more than enough.
You're right, I've often thought that. Break up the jackpots to still substantial sums but have more winners.$9 million to 100 seems cool.
People will say $900 million winner must donate $500 million to charity.So better 200 winners get $5 million each.
I agree. That would make more sense and do more good.
9 bucks to 100 million people.
$1000 each to 1 million people. Sales of lottery tickets will be sky-high.
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