The Powerball lottery jackpot has rolled over again, reaching an estimated $1.7 billion. The next drawing will be on Christmas Eve, and the winner could receive $485-557 million after taxes, depending on their state of residence. States like Wyoming have no state income tax, allowing winners to keep more of their prize.
Nobody won the big Powerball lottery - AGAIN! That brings the new estimated winnings up to 1.7 BILLION! The next ticket will be drawn on Christmas Eve. Imagine winning that jackpot as your Christmas present.That means you'll finally be able to buy that house in Jackson Hole Wyoming.BUT HOLD ON! How much of that 1.7 billion do you really get? Remember government is unfail and greedy.A winner of a 1.7 billion lottery jackpot who chooses the popular lump-sum cash option would receive approximately 485 million to 557 million after federal and state taxes depending on their state of residence. Some states have a state income tax; some like Wyoming do not.The advertised 1.7 billion amount refers to an annuity option paid over 30 years. Most winners however choose the immediate cash payout.Most lottery winners choose a lump-sum cash payout primarily because it offers immediate control and flexibility over the money and the potential for greater returns through strategic investing. The other option an annuity provides payments over 20 to 30 years and generally results in a larger total sum over time.Residents of states like Florida Nevada South Dakota Tennessee Texas Washington and Wyoming do not pay state tax on lottery winnings maximizing their take-home prize.The rich pay more.Many people make the argument that taking 557 million is just fine with them but why does the federal government deserve such a large chunk of your winnings? The feds argue that it is because the winnings place the recipient in the highest federal tax bracket the full federal tax liability reaches 37. Now you know how much the rich actually pay in taxes compared to the rest of us.If you buy a ticket I wish you bad luck. I'm buying one and I want it all for myself.The Beautiful Homes Of Sheridan WyomingShould you be visiting Sheridan Wyoming you MUST drive up the hill past downtown to see these wonderful homes.There is no way to show them all.So here are some of our favorites.Gallery Credit Glenn WoodsSee Inside This Amaizing Casper Mansion Jason Lewis Reality posted this wonderful tour of a mansion in Casper Wyoming that is now for sale for 1 480 000Let's look through some of the best rooms because we have all been curious.These photos were also featured on the Facebook page USA Historical HousesGallery Credit Glenn Woods Meth conspiracy case includes three chases alleged robbery No unnecessary travel issued for Casper Mountain Road on Friday afternoon PHOTOS If Youre Traveling in Wyoming today Expect Hazardous Conditions Wyomings Powder River Energy Corp. secures 23.5M for renewable energy project Gillettes Legacy Living Center suspends 3 staff members after 88-year-old womans death Obituaries Wright Casper man gets 6- to 8-year sentence on burglary cases