Powerball Jackpot Reaches $725 Million. If You Win, Here's The Tax Bill

• The Powerball jackpot surpassed an estimated $725 

• The Powerball jackpot surpassed an estimated $725 

million on Monday night with no winner. • 

million on Monday night with no winner. • 

This is the seventh largest jackpot in the history of the game, but after 

taxes the jackpot drops significantly. • There is a federally mandated 24% withholding tax before winners 

can see the multi-million dollar jackpot prize. • According to the lottery, the Powerball 

jackpot topped an estimated $725 million before Wednesday's drawing, 

becoming the seventh largest jackpot in the game's history. • But after taxes those profits drop significantly.