If funds are insufficient to pay set prizes, non-jackpot prizes may be paid on a pari-mutuel basis and could be lower than the amount shown. For example, if the Powerball jackpot is at 100 million, the cash value would be around 52 million. So, you may ask, 'How much do I get if I win the Powerball' It is about 52 percent of the total jackpot amount (before taxes). Here is the list of 2023 Powerball jackpot wins. However, the cash value payout of the jackpot is much less than the one offered for an annuity Powerball payout. The annuity payout calculator below shows a breakdown of the gross annuity value for the current jackpot, and the applicable federal and state tax for each year. The jackpot prize will be shared among jackpot winners in all MEGA MILLIONS states. The current Mega Millions jackpot is worth an estimated 289. ![]() ![]() The payouts are graduated so they increase 5 percent year-on-year. If you opt for the annuity payout you will receive the jackpot amount as a series of 30 annual payments over 29 years.
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