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Georgia lottery winner starts off new year by claiming $983 million Mega Millions jackpotReply
Actually you can avoid paying taxes on the investment income, there are a couple of tax free investments you can use. It all depends on your risk level, and the level of return you want on the money ect. As you said time gives you more options.
Jan 13, 2026, 5:05 am - DELotteryPlyr - Lottery News

2026 tax rates now published at USA MegaReply
I am very thankful to be in a non-state-ncome-tax state. We have other taxes of course(sales)and Home Ins just jumped up by 20%...But it is reasonable here.
Jan 7, 2026, 5:17 pm - CDanaT - Lottery Discussion Forum

Georgia lottery winner starts off new year by claiming $983 million Mega Millions jackpotReply
If it was won in 2025 he owes taxes for 2025. You cannot just wait for the year to change to claim it. You can but you still owe from when it was played.
Jan 7, 2026, 12:48 pm - billybucks - Lottery News

2026 tax rates now published at USA Mega
Both the federal tax rate brackets and the state income tax rates used for the Powerball Jackpot Analysis and Mega Millions Jackpot Analysis pages at USA Mega have been updated to the latest 2026 rates. Federal tax bracket changes happen every year, with the IRS adjusting each bracket upwards slightly to account for inflation. For a lottery jackpot winner claiming millions in income this results in a minuscule change in taxes paid, but the adjustment at USA Mega does make it exact. For s
Jan 7, 2026, 8:39 am - Todd - Lottery Discussion Forum

$1.5 BILLION: Massive Powerball jackpot fuels rush for ticketsReply
Correct as you can see in the original story about Castro claiming the prize, he got $628.5 million after taxes. (Link to that story is also included in the article above.)
Dec 18, 2025, 10:46 am - Todd - Lottery News

Winning the Powerball.Reply
nobody does their homework. even after most of the withdrawl from taxes and stuff, even with the financial planner, lawyer and accountant , might only be worth it to the winner.
Dec 17, 2025, 2:00 pm - wander73 - Lottery Discussion Forum

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
@ShagE3 google 'powerball pay tax in one state live in another', there's your answers. Basically this: As a general rule, if you live in one state and win a lottery in another, you're first taxed by the state where you bought the lottery ticket. Then, if your home state has the same or a lower tax rate than the other state, you won't have to pay taxes in your state. If your state's tax rate is higher, you'll get a credit for the taxes you paid to the other state and pay the difference to you
Dec 15, 2025, 7:43 pm - Barramundi - Lottery News

$1.1 BILLION: Powerball jackpot increased in longest-ever winless streakReply
With Australia in the news decided to see about their Powerball. SEVEN #'s Plus a Powerball #....makes our Powerball look like a walk in the park. Be that as it may they don't pay taxes on their winnings.
Dec 15, 2025, 9:29 am - Bleudog101 - Lottery News

New York man turns grocery run into $3 million lottery annuityReply
There are two recent press releases from the New York Lottery that also feature players who won $3 million top prizes. They walked away with $1,322,442 and $1,308,513 after the required 24% federal tax withholdings, so estimating that the total amount after all taxes would be somewhere around a million?
Nov 14, 2025, 2:28 pm - Kate - Lottery News

Mississippi Lottery triples all Cash 3 prizes for NovemberReply
I was thinking the same thing but what's going to happen is what if select numbers are sold out, also the tax purposes. The $1500 won't be taxed federally but it counts as income so depending on how many times you win it could possibly get you on the back end. Possibly state taxes also and the sucky part its only one location in the entire state to cash prizes of $600 or more.
Nov 4, 2025, 9:33 am - Newkids06 - Lottery News