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Message: <blockquote data-quote="Darmark7" data-source="post: 5652141" data-attributes="member: 83127">If a winner emerges from Wednesday’s draw, they will have the option to choose between a $1 billion payout spread across thirty annual payments or a lump sum payment of $516.8 million—usually the <a href="https://www.cnbc.com/2022/11/07/powerball-jackpot-at-1point9-billion-for-annuity-lump-sum-is-overrated.html" target="_blank">more popular</a> option.The lump sum payment will face a mandatory federal tax withholding of 24%, leaving the winner with $392.76 million.Depending on the winner’s taxable income, their winnings could drop as low as $325.6 million if the federal marginal rate of 37% is applied.</blockquote>