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New 600 mill before taxes 450 mill after taxes, lotta hookers and blow in there
always look out for number one and don't step in number two
New Pre-tax $1,500,000,000 now. Thats paid out over many years.
$930 Million Cash Value.

I'm sure it will be higher by tonight when the numbers get picked.
Alex

"There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge."

-- Isaac Asimov
New need to cash it out and pay taxes
Otherwise if you croak your dependants have to pay tax on the 1.5 billion before getting a dime. Good luck with that loan.
always look out for number one and don't step in number two
New The taxes get removed before you get the money, IIRC
So with the immediate payout 1.5B ends up being about 500M before you get anything.
Regards,
-scott
Welcome to Rivendell, Mr. Anderson.
New but not if you take payments
the taxes are removed during each annual payment. However of you pass all taxes on the balance needs to be paid before heirs get a dime
always look out for number one and don't step in number two
New Some state-by-state calculations.
https://www.usamega.com/powerball-jackpot.asp

It doesn't seem to say anything about dying early, though.

Assuming a $1.5B jackpot:


Louisiana: 5% State Tax - $2,644,000 for annuity - $49,175,000 for lump sum
Your average net per year: $37,016,000 annuity Your net payout: $688,450,000 lump
After 30 payments: $1,110,480,000 annuity


Cheers,
Scott.
(Presumably the first thing the winner will do is talk to a tax advisor and learn the skinny for their particular circumstances.)
     if you win the powerball - (boxley) - (12)
         You can't win if you don't bet. - (a6l6e6x) - (6)
             600 mill before taxes 450 mill after taxes, lotta hookers and blow in there -NT - (boxley) - (5)
                 Pre-tax $1,500,000,000 now. Thats paid out over many years. - (a6l6e6x) - (4)
                     need to cash it out and pay taxes - (boxley) - (3)
                         The taxes get removed before you get the money, IIRC - (malraux) - (2)
                             but not if you take payments - (boxley)
                             Some state-by-state calculations. - (Another Scott)
         Three winners so far. - (pwhysall) - (4)
             "You can't win if you don't play!" -NT - (Another Scott) - (3)
                 You can't win if you DO pay - (drook) - (2)
                     1/35 for $4 or more isn't that horrible. -NT - (Another Scott)
                     LRPD reminds, All gravitas is local. -NT - (Ashton)

30,000 pounds.... of bananas!
84 ms