The Take Home Amount For Tonight’s $700 Million Powerball Drawing
What is the take home amount for tonight’s $700 million Powerball drawing? The Powerball jackpot is the 5th largest in history, but if you win you are faced with the question of whether to take the lump sum or take the annuity payments.
If you take the one-time lump sum payment then the cash option will be $335.7 million. Federal taxes will then take another 24%, which is a little over $80 million. Florida doesn’t have any state taxes, so you won’t have to pay more than that. So the take home amount is $255,132,000. The annuity option is paid in 30 installments over 29 years. The take home for the annuity option is $532,000,001.
Tonight’s $700 Million Powerball Drawing is one of the biggest ever and it will make you a lot of money, but it isn’t even close as the jackpot says it is. $255 million is still a lot of money and you will live comfortably for the rest of you life off that amount of money.
Launa's Top 5 Moments From Pig Jig
#4. Hanging out with Kip Moore
We had a chance to say hi to Kip after he got off the stage. He was so happy to finally do a show here since it has been such a long time. He looked great and sounded even better on stage!
Kip with Morning Krewe
#3. I Almost Adopted A Dog
I got to meet a puppy that needed a home and I almost took him home with me. His name is Piglet. People can bid in the silent auction at Pig Jig and one of the things they had was this Puppy. A Siberian-husky mix from the Humane Society of Tampa. He was so cute and I really wanted him. I’m sure he found a home…. I mean c’mon.
#2. I Finally Got To Meet J.R.'s Girlfriend
J.R. has been dating this girl for months and I have only heard about her. I’ve seen her on Facetime, but never got to hang out with her until Saturday. She was amazing! Just loved her and J.R. together. They make a cute couple and she really seems to like J.R.
