On Wednesday, January 13th 2016 three fortunate individuals in the United States of America were able to split the $1.6 Billion Powerball Jackpot win with one another. This is the largest Powerball Jackpot to ever be won in the history of this ticket.
The winning players of this split jackpot live in Florida, California and Tennessee. After the ridiculous amount of taxes that the USA places on their citizens when it comes to jackpots, these individuals will be awarded $28 Million. Then with that twenty-eight million they’ll have to pay personal taxes on those winning as well.
The tax rate on scratch tickets, casinos and any form of gambling in the USA has always been considered ridiculous. Canada, their Northern brother doesn’t have their citizens pay any taxes on their winnings & only requires them to pay normal taxes that any other citizen would have to pay. The American Gambling Association has never given a true reason behind their high tax rates either.
Two of these new millionaires are in luck though as their states don’t require winners to pay personal tax on their winnings. The Florida winner & Tennessee winner can rest easy on their $280 Million, unfortunately the winning player in California will have to choice but to pay his taxes at the state level as well as federal.
None the less a major congratulation is in order for the winning players. Their personal information is being kept from the public for obvious reasons, meaning that no statements from either one of these individuals will be made.