Here's the tax bill on the $1 billion Powerball and Mega Millions wins

CNBC| Sun Jan 07 07:00:06 EST 2018
The $570 million Powerball prize will be awarded to a single ticket in New Hampshire. The win comes on the heels of a $450 million Mega Millions jackpot awarded Friday to a single ticket in Florida. The winners could get tax breaks since both states don't have personal income taxes. The ticketholders also may benefit from changes to the federal tax code for 2018. CNBC.com The $570 million Powerball ranks as the fifth largest in the game's history, and the third largest awarded to a single ticket. It's also the seventh largest jackpot in U.S. lottery history. That jackpot ranks as the fourth largest in the game's history, and the second largest awarded to a single ticket. At the time it was a..

Related Articles

The $570 million Powerball prize will be awarded to a single ticket in New Hampshire. The win comes on the heels of a $450 million Mega Millions jackpot awarded Friday to a single ....
CNBC| Sun Jan 07 07:00:06 EST 2018
A day after a winner took home the $450 million Mega Millions prize, another single ticket was sold for the even more lucrative Powerball jackpot.  One ticket sold in New Hamp....
CBS News| Sun Jan 07 04:00:10 EST 2018
CHICAGO (Reuters) - One ticket matching all six numbers was sold in Florida in the Mega Millions lottery jackpot of an estimated $450 million, the fourth largest in the game’s hist....
Reuters| Sat Jan 06 01:49:03 EST 2018
One ticket matched all six numbers in Friday night's drawing and will claim a $450 million grand prize. The Florida Lottery says the winning ticket was bought at a 7-Eleven conveni....
ABC News| Sat Jan 06 04:00:16 EST 2018
One lucky Mega Millions ticket holder in Florida has won a $450 million jackpot after matching all six numbers in the prize. Choosing the cash option would bring home $281 million.....
CBS News| Fri Jan 05 19:00:09 EST 2018
There's a Mega Millions ticket holder in Florida who's starting the new year on a very prosperous note: The unidentified individual is the winner of Friday night's drawing for the ....
ABC News| Fri Jan 05 19:00:15 EST 2018
The numbers for the $570 million Powerball were drawn Saturday night, so whip out your tickets and check those digits. The numbers drawn were 12, 29, 30, 33, 61. The Powerball was ....
ABC News| Sat Jan 06 19:00:13 EST 2018
The Latest on the large lottery jackpots (all times local): 10 p.m. The numbers have been drawn for the $570 million Powerball lottery jackpot. It won't be known until later whethe....
ABC News| Sun Jan 07 04:48:12 EST 2018
It's been a billion-dollar lottery weekend after a lone Powerball ticket sold in New Hampshire matched all six numbers and will claim a $559.7 million jackpot, one day after anothe....
ABC News| Sun Jan 07 10:00:16 EST 2018
The Latest on the large lottery jackpots (all times local): 8:25 a.m. The owner of the New Hampshire convenience store that sold the winning ticket for the $570 million Powerball l....
ABC News| Sun Jan 07 04:48:12 EST 2018
The winning Powerball numbers drawn Saturday night were 12-29-30-33-61 and Powerball 26. The Powerball jackpot was the nation's seventh largest. The Florida Lottery says the winnin....
CNBC| Sun Jan 07 01:12:05 EST 2018
(Newser) – The winning ticket in the latest Mega Millions drawing was sold in Florida, the AP reports. One ticket matched all six numbers in Friday night's drawing and will claim a....
Newser| Sat Jan 06 07:01:41 EST 2018
One Mega Millions ticket matched all six numbers and will claim a $450 million grand prize. The winning numbers drawn Friday night to claim the nation's 10th largest jackpot were 2....
CNBC| Sat Jan 06 01:00:05 EST 2018
  ATLANTA (AP) — The winning numbers in Friday evening’s drawing of the $450 million “Mega Millions” game were: 28-30-39-59-70, Mega Ball: 10, Megaplier: 3 (twenty-eight, thir....
KRON 4| Fri Jan 05 22:01:48 EST 2018
I didn't know where she was going with that. ??? Money money money ??? someone's ticket is worth $450 million or $281 million in cash. If you're a betting man or lady, there's stil....
ABC News| Sat Jan 06 10:35:16 EST 2018
If you're reading this article, you probably didn't win the massive $450 million Mega Millions jackpot after numbers were drawn Friday night. But, at least you have a second shot a....
CBS News| Sat Jan 06 19:00:08 EST 2018
FILE - In this July 1, 2016, file photo, Mega Millions lottery tickets rest on a counter at a Pilot travel center near Burlington, N.C. The jackpot for the Mega Millions lottery ga....
KRON 4| Fri Jan 05 22:01:48 EST 2018
Lottery winning numbers TEXAS Lotto: 1/6 10-11-30-32-38-44 Estimated jackpot $6.25 million Winning tickets None Next jackpot 1/10 $6.5 million Pick 3 morn.: 1/6 1-6-2 Sum: 9 Pick 3....
Chron| Sun Jan 07 13:02:43 EST 2018
CHERRY HILL, N.J. (AP) — In New Jersey and California, top Democratic officials want to let people make charitable contributions to the state instead of paying certain taxes. In Co....
Post Bulletin| Sat Jan 06 07:05:15 EST 2018
In some corners of the online gaming world, Tyler Rai Barriss was a notorious figure. The 25-year-old Los Angeles man had built a reputation for helping others gain revenge on riva....
Los Angeles Times| Sat Jan 06 04:00:22 EST 2018
BOSTON/NEW YORK (Reuters) - A shroud of bone-chilling arctic air covered the U.S. East Coast and Midwest on Saturday, creating dangerous conditions as tens of millions of people st....
Reuters| Sun Jan 07 04:00:03 EST 2018
THURMONT, Md. – Emerging from closed-door meetings with Republican leaders, President Donald Trump on Saturday held out the prospect of a deal with Democrats on the fate of young i....
Northwest Herald| Sat Jan 06 19:21:28 EST 2018
We're far from CLEARING THE SMOKE over recreational marijuana use. A new federal policy announced this past week takes a tough line. It's a challenge to states that have legalized ....
CBS News| Sun Jan 07 04:13:07 EST 2018
A Skokie investment firm wants to convert a large Hartland Township estate into a drug and alcohol rehab facility, but township officials and residents are standing up against the ....
Northwest Herald| Sat Jan 06 19:24:47 EST 2018
AP photo Different types of marijuana sit on display Monday at Harborside marijuana dispensary in Oakland, Calif. Attorney General Jeff Sessions is going after legalized marijuana.....
Northwest Herald| Sat Jan 06 19:24:47 EST 2018
Larry Harmon got a surprise when he went to his Kent, Ohio, polling place for a 2015 local election: He was no longer registered and couldn't vote. Election officials removed him f....
Chron| Sat Jan 06 16:02:34 EST 2018
WASHINGTON -- Years of steady hiring and economic growth have delivered a cumulative benefit for at least one group that hasn't always shared in America's prosperity. The unemploym....
CBS News| Sat Jan 06 04:29:07 EST 2018
BOSTON/NEW YORK (Reuters) - A blanket of bone-chilling arctic air covered the U.S. East Coast and Midwest on Saturday, creating dangerous conditions as tens of millions of people s....
Reuters| Sat Jan 06 01:49:03 EST 2018
(Newser) – Brutally cold conditions are expected to envelop the East Coast most of this weekend, prompting wind chill warnings from Virginia to Vermont. Temperatures will reach clo....
Newser| Sat Jan 06 04:01:15 EST 2018
Flanked by Speaker of the House Paul Ryan and House Ways and Means Committee chairman Rep. Kevin Brady, R-Texas, President Donald Trump kisses an example of what a new tax form may....
Chron| Sun Jan 07 16:02:49 EST 2018
BOSTON (Reuters) - In the common room of Boston’s Pine Street Inn homeless shelter, dozens of blue vinyl pads and folded-up cots stood ready on Friday for another night’s rush of p....
Reuters| Sat Jan 06 01:49:03 EST 2018
MONTPELIER, Vt. -- Brutally cold conditions that have gripped the East Coast will last most of the weekend, prompting wind chill warnings from Virginia to Vermont. Temper....
CBS News| Sat Jan 06 04:00:11 EST 2018
Dealers and participants walk around to see different boats at the 63rd annual Houston International Boat, Sport and Travel Show, also known as Houston Boat Show, at NRG Center on ....
Chron| Sat Jan 06 16:23:41 EST 2018
WASHINGTON (Reuters) - Government officials across the United States try to maintain accurate voter rolls by removing people who have died or moved away. But a case coming before t....
Reuters| Sun Jan 07 04:00:03 EST 2018
U.S. customs agents conducted 60 percent more searches of travelers’ cellphones, laptops and other electronic devices during the government’s 2017 fiscal year, according to statist....
The Washington Post| Sun Jan 07 07:56:05 EST 2018
Photo: Jim Mone, STF WASHINGTON - Moments after Attorney General Jeff Sessions made it easier for federal marijuana laws to be enforced in states where possession and use of the su....
Chron| Fri Jan 05 19:02:25 EST 2018
An unidentified American allowed to speak with the ACLU by a federal court has asked the group to challenge his nearly four-month detention without charges by the U.S. military in ....
The Washington Post| Sun Jan 07 07:56:05 EST 2018
ST. PAUL, Minn. (AP) — Census Bureau estimates say more people moved to Minnesota than moved out of the state last year. The state gained about 7,500 residents through domestic mig....
Post Bulletin| Sat Jan 06 07:08:32 EST 2018

You May Also Like To Read

Lottery winning numbers TEXAS Lotto: 1/3 6-8-21-33-34-47 Estimated jackpot $6 million Winning tickets None Next jackpot 1/6 $6.25 million Pick 3 morn.: 1/54-3-9 Sum: 16 Pick 3 day:....
Chron| Fri Jan 05 19:02:25 EST 2018
Lottery winning numbers TEXAS Lotto: 1/6 10-11-30-32-38-44 Estimated jackpot $6.25 million Winning tickets NA Next jackpot 1/10 NA Pick 3 morn.: 1/6 1-6-2 Sum: 9 Pick 3 day: 4-8-2 ....
Chron| Sat Jan 06 19:02:31 EST 2018
WOODSTOCK – Glenda Miller’s estimates were a little off. But even a week after the deadline passed, Miller and her six staffers are sorting through payments. “We’re not done,” Mill....
Northwest Herald| Sat Jan 06 19:24:45 EST 2018
The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if ....
CNBC| Sun Jan 07 04:00:06 EST 2018
Bob Anderson discusses his almost three-decade-old quest to consolidate townships Friday. The Wonder Lake barber has seen little support from his political peers, and progress has ....
Northwest Herald| Sat Jan 06 16:00:49 EST 2018
Brutally cold conditions have prompted wind chill warnings from Virginia to Vermont as frigid temperature are expected to envelop the East Coast most of this weekend. CBS News has ....
CBS News| Sun Jan 07 07:00:10 EST 2018
In a time when U.S. corporations are being criticized for having money in overseas tax havens, Mayo Clinic reported having almost $2.7 billion in international investments in 2016.....
Post Bulletin| Fri Jan 05 19:02:53 EST 2018
San Antonio Mayor Ron Nirenberg, left, County Judge Nelson Wolff, symphony board chairwoman Kathleen Weir Vale and her husband, Albert Vale, talk in front of the Tobin Center befor....
mySanAntonio.com| Sat Jan 06 19:00:36 EST 2018
While national attention was focused in 2017 on the first year of the Trump administration, state legislatures around the country were busy, passing more than 21,000 new laws, acco....
The Washington Post| Sun Jan 07 07:56:03 EST 2018
AP photo President Donald Trump's Chief of Staff John Kelly (left) and White House Director of Legislative Affairs Marc Short (second from left), walk toward Marine One on the Sout....
Northwest Herald| Sat Jan 06 04:41:46 EST 2018
BROOKLYN PARK, Minn. - In Minnesota, some craft brewers and distillers say they're happy about the changes implemented by the controversial Republican-led tax bill. "It's not often....
KARE11| Sun Jan 07 16:00:51 EST 2018
MILTON, Vt. — It’s only the beginning of January, and Todd Alexander has already blown through much of the kerosene used to heat his blue trailer here, where one wall is made only ....
The Washington Post| Sun Jan 07 07:56:04 EST 2018
STACY, Minn. (AP) — Just days after being sworn into the U.S. Senate, Tina Smith is on a crash course to find her way in the chamber and find time for a 10-month campaign sprint to....
Post Bulletin| Sun Jan 07 04:26:01 EST 2018
San Antonio Mayor Ron Nirenberg, left, County Judge Nelson Wolff, symphony board chairwoman Kathleen Weir Vale and her husband, Albert Vale, talk in front of the Tobin Center befor....
mySanAntonio.com| Sat Jan 06 19:00:36 EST 2018
PORTLAND, Ore. — The simplest question among pot smokers — is this stuff legal? — doesn’t have a crystal-clear answer anywhere in America. In many places it is now simultaneously l....
The Washington Post| Sun Jan 07 07:56:05 EST 2018
AP file photo Job candidates are processed during a job fair Aug. 2 at the Amazon fulfillment center in Robbinsville Township, N.J. On Friday, the U.S. government issued a December....
Northwest Herald| Fri Jan 05 22:00:45 EST 2018
SAN FRANCISCO (AP) — This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in th....
Pos Bulletin| Sat Jan 06 13:03:00 EST 2018
SAN FRANCISCO (AP) — This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in th....
Post Bulletin| Sat Jan 06 10:05:24 EST 2018
Young people spend their time at a cafe in downtown Tehran, Iran, Wednesday, Jan. 3, 2018. Tens of thousands of Iranians took part in pro-government demonstrations in several citie....
Post Bulletin| Fri Jan 05 22:02:41 EST 2018