How Much Actually Gets Into Your Pocket From The $400 Million Powerball Jackpot, And Where Does It All Go?

February 19, 2014 Ken Silver

The $400 million Powerball jackpot hits the top spot at a convenience store in the Minneapolis skyway system. Photo: AP

Prepare to be shocked. That $400 million jackpot for the USA Powerball - how much do you think you'll get?

Here's how the advertised prize differs dramatically from what you receive...

First you decide whether you'll take a lump sum, or an annuity dripped out in 30 years of annual payments.

If you choose the lump sum, that makes it $227.8 Million.

Up to 45% of that amount gets taken by state and personal taxes, which leaves just $102 million.

So only a quarter of the prize will find its way into your pocket.

Spend it wisely!

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