The advertised $1.10 billion Powerball jackpot is the kind of number that makes people mentally quit their jobs on the spot, but the figure on the billboard is not what lands in a winner's bank ...

Monday’s jackpot ranks as the fourth largest in Powerball history and the fifth largest among U.S. lottery jackpots.

Lottery dreams are made of those big numbers flashing across screens nationwide. Everyone imagines what they'd do with ...

At the state level, Arkansas taxes lottery winnings as ordinary income. With the state’s top marginal income tax rate at 3.9% ...

WASHINGTON — The Powerball jackpot has hit $1 billion again ahead of Saturday night's drawing. But if you somehow beat the lottery's astronomical odds, you'll have a hefty tax bill waiting for you.

If they take the cash option, they would receive $834.9 million before taxes. From that, there will be a total federal tax of ...

If you take the cash option, you would receive $781 million before taxes. From that amount, there will be a federal tax of 24 ...