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$1 billion Powerball winning ticket sold – but taxes cut winnings more than you’d expect

George Petras and Javier Zarracina, USA TODAYComments Off on $1 billion Powerball winning ticket sold – but taxes cut winnings more than you’d expect

Most winners choose the lump sum payout over a 29-year annuity, but hefty taxes and inflation steadily eat away at prize money.

     
George Petras and Javier Zarracina, USA TODAY
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