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A client is handed Powerball tickets purchased at Lichine's Liquor & Deli in Sacramento, Calif., on Monday. Monday night's drawing was worth a record $2.04 billion. If you are the lucky winner of a huge Powerball jackpot , you will want to take a couple of deep breaths and safe and guard your winning ticket. Then, you will probably want to work wit

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The Mega Millions is now worth $20 million, but with a cash value of $ten.7 million. The large grand prize win was announced Wednesday by the New York Lottery. ” mentioned Fahad Abubaker, son of the owner of the 170th Street Grocery, where the ticket was sold. "So winning the Powerball or the Mega Millions is like acquiring two hole-in-ones in a

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Lottery winnings are taxed at the federal, state and regional levels. If the winner requires their money in one particular lump sum payment, the $20 million ticket comes to $6.five million just after taxes, the gaming commission mentioned. Overall, there were 893 winning lottery tickets worth at least $600 sold or claimed in Massachusetts on Tuesda

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Due to the fact the tax withholding price on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their taxes when they file their tax returns the year following they win. No one particular won Friday's Mega Millions lottery jackpot, pushing the prime prize to an estimated $785 million for Tuesday's dra

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