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+Winning massive in [Powerball](https://knox17.like-blogs.com/31043968/why-these-sports-betting-sites-are-worth-your-time) comes with obligations, notably monetary ones. Lottery winnings are subject to federal and state taxes, which may dramatically cut back the quantity received by the winner. As of 2023, federal taxes can take up to 37 p.c of winnings, relying on the jackpot measurement. State tax charges vary broadly
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