Powerball's $1.6B Jackpot: Why Winners May Receive Only $128.5M

1 min read
Source: MarketWatch
Powerball's $1.6B Jackpot: Why Winners May Receive Only $128.5M
Photo: MarketWatch
TL;DR Summary

Winning the $1.6 billion Powerball jackpot won't make you a billionaire due to taxes, splitting the prize, and professional fees, leaving an estimated $128.5 million after deductions, making you a very wealthy individual but not a billionaire.

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