In El Paso, locals are likely aware of the recent Powerball jackpot. This large sum of money has been reached eight times before. Taxes play a significant role in reducing the actual payout.
The amount a winner would receive is less than the initial value due to taxes in many states. Further information on this topic can be found through KTSM 9 News, including details on the impact of taxes on the jackpot in 31 states.
Recent coverage curated from local and regional sources.
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For the eighth time, the Powerball jackpot has been valued at at least $1 billion, but taxes would cut your payout to far less.
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