Powerball Jackpot Hits $1.1 Billion for Labor Day Draw: How Much Could the Winner Take Home After Taxes?
New York, NY – The excitement is building as the Powerball jackpot soars to an estimated $1.1 billion for the upcoming Labor Day drawing. This monumental prize marks this year’s largest lottery prize and ranks as the fifth-largest Powerball jackpot ever. While the prospect of becoming a billionaire is electrifying, potential winners should be aware that the actual amount taken home could be substantially less after various taxes are applied. With staggering odds of one-in-292.2 million to win, the lucky ticket holder matching all five white balls and the red Powerball will face important decisions about how to claim the…