Powerball Winner Will Take Home Far Less Than $1.73 Billion Jackpot After Taxes

The lump sum cash value of the $1.73 billion Powerball jackpot is estimated at $756.6 million.

Right away, 24% is withheld for federal taxes, dropping the lump sum to around $575 million.

Winnings are taxed as income, so the winner will likely owe another 13% when they file taxes.

13 states don't tax lottery winnings at all. In other states, taxes are taken out before the prize is paid.

After federal and state taxes, the winner in a state with no income tax would get around $476 million lump sum. In New York, it would be around $394 million.