What is the tax rate on the $1 billion Powerball jackpot?

New Jersey is among the highest state tax rates ultimately taking % of the prize The winnings after taxes According to Lottery Post,

Taxation of Lottery Winnings in New Jersey • Lottery Winnings Tax NJ • Learn about the 8

new york city lottery winning numbers Federal taxes are due on the total amount of winnings when claimed Winners may move to a new income tax bracket for the year — and their tax rate can more than

new haven lottery Worst states for lottery wins and taxes · New York - % · Maryland - % · Washington DC - % · Oregon, New Jersey - % · Wisconsin