Powerball Lottery Jackpot Worth $754.6 Million Won By A Single Ticket Sold In Washington

The jackpot winner can choose between receiving the $754.6 million in 30 graduated payments over 29 years or receiving the $407.2 million lump sum payment all at once. Each year, the annuity payments increase by 5%. All prize amounts are subject to federal taxes, the results of which can be found on The Lottery Lab's Tax Calculator page. There is no state tax on lottery winnings in Washington.

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