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Participants in Powerball select 5 numbers from a set of sixty nine white balls and one quantity, the Powerball, from a set of 26 purple balls. If all six numbers match the drawn numbers, the player wins the jackpot. However, even matching a subset of these numbers can result in substantial pri
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n Can I remain anonymous if I win?
It depends on the state. Some states permit winners to stay nameless, while others require public disclosure of winners’ names.
How are Powerball winnings taxed?
Powerball winnings are subject to federal and, generally, state taxes. The IRS automatically withholds 24% of the prize, and you might owe additional taxes when you file your return based mostly in your overall revenue.
What occurs if multiple folks have the successful ticket?
If there are a quantity of winners, the jackpot is split equally amongst all of the winning tickets.
How long do I even have to claim my prize?
The timeframe can vary by state, however winners usually have between 90 days to at least one yr from the drawing date to assert their pr