https://www.live-feeds.com/feed/powerball-jackpot-reaches-538-million-here-s-what-a-winner-would-take-home-after-taxesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/powerball-jackpot-reaches-538-million-here-s-what-a-winner-would-take-home-after-taxeshttps://www.live-feeds.com/feed/powerball-jackpot-reaches-538-million-here-s-what-a-winner-would-take-home-after-taxes#u134095Mon, 19 Oct 2026 01:50:46 +0000The Powerball jackpot reached $538 million for the October 12, 2026 drawing. While the top prize remains unclaimed, a ticket sold at a Lakeside store in San Diego won a $2.2 million prize. Winners face significant tax obligations; federal taxes include a 24% withholding and a top-bracket adjustment, while state taxes range from 0% to over 10%. For example, on a $1 billion cash jackpot, winners in no-tax states would take home approximately $378 million, whereas New York winners would receive about $282 million.Why it mattersLottery taxes vary by state, creating wide disparities in actual take-