The $550M Powerball winner’s lottery tax bill will be massive
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- The Powerball jackpot is over half a billion.
- The winner of this lottery will come away with a lot less than you might think.
- Whoever wins the lottery could face over 40 percent in taxes.
One very lucky person will win the Powerball jackpot prize of $550 million this Wednesday, the eighth largest Powerball prize in history.