INDIANAPOLIS — It's the biggest Powerball ever at an estimated $1.9 Billion. The chances of winning it? One in 292 million.
Taxes
The estimated Powerball prize is $1.9 billion, but the cash value is $929 million.
But before you start your mental spending, Uncle Sam and a few others will want their shares first.
If you take the $929 million lump sum payment, federal taxes will knock your winnings down to $585,370,045 according to the USA Mega.
Then, Indiana will stick its hand in the pot bringing the amount down to $555,360,115.
Marion County resident? Subtract another 2.02%.
That leaves you with an estimated $536,592,295.
As for other taxes, the state's Department of Revenue said, "Lottery winnings would simply be taxed as income — there are no additional taxes collected on those earnings that wouldn’t apply to income earned from any other means."
Quick Pick vs. Picking Your Powerball Numbers
When it comes to quick pick tickets, or the machine picking your numbers, the Multi-State Lottery Association said:
“With the data available, roughly 80% of Powerball jackpot-winning tickets are quick picks. The reason the percentage is so high is because the majority of purchases are quick picks. If the majority of players selected their own numbers, we would expect to see a higher percentage of manual picks.”
If you want to pick your own numbers, the main numbers drawn most often since 2015 include 61, 32, 63, 21 & 69 according to lottonumbers.com.
The numbers drawn the least often since 2015 include 35, 26, 13, 4 and 24.