Powerball Soars to $1.8 Billion: What the Taxman Takes and How It Impacts Your Mega Windfall
When Jackpot Dreams Meet Tax Realities: What Every Powerball Winner Needs to Know Winning a colossal Powerball jackpot—say the recent $826.4 million lump sum option—sounds like a life-changing windfall. But before you start planning your yacht and private island, let’s talk taxes: the unavoidable reality that swallows a hefty chunk of that prize right out…