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![]() ![]() ![]() Players win a prize by matching one of the 9 ways to win. It's also worth noting that there are five states that do not participate in the Powerball lottery at all: Alabama, Alaska, Hawaii, Nevada and Utah.Īssuming a top federal tax rate of 37%, here's the after-tax amount you'd take home in each state and Washington, D.C., if you won the $1 billion jackpot, for both the lump sum and annuity option, according to . The Powerball jackpot grows until it is won. And eight states don't charge income tax on lottery winnings: California, Florida, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming. ![]() Then you have state income taxes, which range from 2.9% to 10.9% depending on which state you live in. However, winners will almost certainly pay another 13% in federal taxes when they file their tax return, as the millions of dollars in winnings will put them in the top tax bracket of 37%. There are two payout options: The full jackpot amount spread out over 30 years as an annual payment, or just over half that amount as an upfront lump sum payment.Īll winners pay an automatic 24% federal withholding tax on their winnings, which is considered income. Powerball's next draw is Wednesday night at 10:59 p.m. ![]() ![]() ![]() While one pack is being dealt, the other is being shuffled and prepared for the next deal. Poker is a one-pack game, but today, in virtually all games played in clubs and among the best players, two packs of contrasting colors are utilized in order to speed up the game. ![]() The standard 52-card pack, sometimes with the addition of one or two jokers, is used. There is plenty of luck in Poker, but the game requires incredibly great skill as well, and each player is the master of his own fate. Poker can be played socially for pennies or matchsticks, or professionally for thousands of dollars. There are hundreds of versions of Poker, and the game is played not only in private homes, but also in countless Poker rooms at famous casinos. A variation - Stud Poker - appeared at about the same time. During the Civil War, the key rule about drawing cards to improve one's hand was added. In the 1830s, the game was refined further and became known as Poker. As early as the sixteenth century, Germans played a bluffing game called "Pochen." It later developed into a French version, called "Poque," which was eventually brought over to New Orleans and played on the riverboats that plied the Mississippi. ![]() ![]() ![]() The best example for this are the first Greek cent and euro pieces of 2002. It’s particularly frustrating when offers declare a specific detail that is a genuine part of the motif to be a feature of an error coin. Is this 2-euro piece actually worth 5,000 euros? Photo: Angela Graff. Therefore, I want to take a close look at some “old wives’ tales” from such offers in this article. I’ve been observing this issue for quite a while now. ![]() ![]() In most cases, the coins are fake, and an imaginative story is supposed to make you buy them anyway. But these pieces aren’t error coins to begin with. And in many cases, there are thousands of euros at stake! Unscrupulous sellers are charging astronomical prices for their coins. After all, these offers usually do not only target experienced collectors but aim at luring ignorant newcomers into their traps. But beware! If you don’t have some basic knowledge, you’ll quickly fall into the traps of dubious charlatans. In recent years, more and more collectors seem to have become interested in the subject of error coins – which is actually something good. 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