For Powerball, the $800 million annuity prize means an estimated $384.8 million cash prize. Anybody who wins the ludicrous amount will also be subjected to heavy federal taxes as well as state taxes.
The Powerball jackpot climbed to an estimated $800 million after there was no winner in Saturday's drawing, Powerball said. No ticket matched all six number drawn, which were 6, 23, 25 ...