Powerball and Mega Millions Jackpots for April 2024
Powerball
Jackpot: $1.3 billion
Gross Prize: $608.9 million
Average annual payments: $43.3 million
The Powerball jackpot for Saturday, April 6, 2024, is an estimated $1.3 billion, with a gross prize of $608.9 million. The winner will receive 30 average annual payments of $43.3 million.
Mega Millions
Jackpot: $670 million
Gross Prize: $310 million
Average annual payments: $22.3 million
The Mega Millions jackpot for Friday, April 5, 2024, is an estimated $670 million, with a gross prize of $310 million. The winner will receive 30 average annual payments of $22.3 million.
The Powerball jackpot has been rolling over for several weeks, and it is now the largest in the history of the game. The Mega Millions jackpot has also been growing steadily, and it is now the second-largest in the history of the game.
If you are lucky enough to win either of these jackpots, you will be a very wealthy person. However, it is important to remember that lottery winnings are subject to federal and state taxes. The net amount that you will receive after taxes will be significantly less than the jackpot amount.
For example, if you win the Powerball jackpot, you will receive an estimated $43.3 million per year for 30 years. However, after federal and state taxes, you will only receive about $25 million per year.
If you win the Mega Millions jackpot, you will receive an estimated $22.3 million per year for 30 years. However, after federal and state taxes, you will only receive about $13 million per year.
It is important to factor in taxes when you are thinking about what you would do with your lottery winnings. You should also consider the fact that you will have to pay taxes on the interest that you earn on your winnings.
If you are not sure how much you will receive after taxes, you can use a lottery calculator to estimate your winnings.
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