Powerball Winner Won’t Receive $750 Million

Tonight’s Powerball jackpot is $750 million. But the lucky winner won’t receive nearly that amount. After federal taxes, you’d be left with $293.3 million. Then there are state taxes. In other words, you could end up paying more than 45 percent in taxes. Given the sheer size of the jackpot, experts say to hire an attorney, a tax advisor and a financial advisor if you win.