$1.4 billion is new Powerball jackpot – but taxes slash winnings more than you'd expect
- Posted on September 3, 2025
- By Usa Today
- 5 Views
$1.4 billion is new Powerball jackpot – but taxes slash winnings more than you'd expect
Most winners choose the lump sum payout over a 29-year annuity, but hefty taxes and inflation steadily eat away at prize money.
