How much would you get? - WAFF-TV: News, Weather and Sports for Huntsville, AL

How much would you get?

(Source: Raycom Media) (Source: Raycom Media)
(WAFF) -

Assuming you hit the near-billion-dollar Powerball and are the sole recipient, you may wonder, when it's all said and done: how much will you actually get?

According to USA Mega, if you were to elect the lump-sum option, you would receive $558,000,000.

Take out federal taxes, and you say goodbye to a further $139,500,000.

Assuming the winner is from Alabama, which does not have a lottery system at all - or Tennessee, which does not collect taxes on lotto prizes, you're left with a net total of $418,000,000.

Most states participating in Powerball do, however, collect further taxes - such as Georgia. Their 6 percent cut would leave you with $385,020,000.

A 30-year-annuity, it should be noted, would leave you with the most money overall, with annual payments averaging $22 million per year.

Copyright 2016 WAFF. All rights reserved.

  • NewsMore>>

  • Redstone Arsenal holding emergency exercise on Tuesday

    Redstone Arsenal holding emergency exercise on Tuesday

    Tuesday, March 28 2017 8:37 AM EDT2017-03-28 12:37:18 GMT
    Scene from Redstoen Arsenal's 2016 Installation full-scale emergency exercise (Source: WAFF)Scene from Redstoen Arsenal's 2016 Installation full-scale emergency exercise (Source: WAFF)

    Redstone Arsenal is on track for this year's Installation full-scale emergency exercise. It's set to start at 9 a.m. Tuesday.

    More >>

    Redstone Arsenal is on track for this year's Installation full-scale emergency exercise. It's set to start at 9 a.m. Tuesday.

    More >>
  • DeKalb County Sheriff's Office will open Saturdays

    DeKalb County Sheriff's Office will open Saturdays

    Tuesday, March 28 2017 8:25 AM EDT2017-03-28 12:25:29 GMT
    Source: WAFFSource: WAFF

    Beginning Saturday, April 1,  DeKalb County Sheriff's Office will be open from 8 a.m. through 3:45 p.m. for people to pick up reports and renew their pistol permits.  "For the past couple of years we have been working on opening the office on Saturdays to accommodate the people who are unable to make it to the office during our regular office hours," Sheriff Jimmy Harris said.   "We feel like this will help people who are unable to make it down her...

    More >>

    Beginning Saturday, April 1,  DeKalb County Sheriff's Office will be open from 8 a.m. through 3:45 p.m. for people to pick up reports and renew their pistol permits.  "For the past couple of years we have been working on opening the office on Saturdays to accommodate the people who are unable to make it to the office during our regular office hours," Sheriff Jimmy Harris said.   "We feel like this will help people who are unable to make it down her...

    More >>
  • Sheffield Fire Department struggling with high turnover rate

    Sheffield Fire Department struggling with high turnover rate

    Tuesday, March 28 2017 8:09 AM EDT2017-03-28 12:09:59 GMT
    Source: WAFFSource: WAFF

    Our news gathering partner at the Decatur Times Daily reports the city of Sheffield in Colbert County is dealing with a staffing shortage in their fire department.  Fire Chief Dewey King, who is also the city's public safety director, says that low wages are contributing to a high turnover rate. 

    More >>

    Our news gathering partner at the Decatur Times Daily reports the city of Sheffield in Colbert County is dealing with a staffing shortage in their fire department.  Fire Chief Dewey King, who is also the city's public safety director, says that low wages are contributing to a high turnover rate. 

    More >>
Powered by Frankly