Check Out How Much You Will Pay In Taxes In NJ If You Win $700 Million Powerball

Wednesday night's (8/23) Powerball drawing is worth $700 million dollars!!!

It's the second biggest jackpot that Powerball has ever seen. Of course, if you are the only winner, you won't be able to keep all of the $700 million. There will be taxes to pay. Uncle Sam wants his cut too. So exactly how much money could you win?

The Federal Government gets 25% right off the bat. Then there is the 8% NJ State Tax.

Click HERE to find out how much money you will ACTUALLY  take home in New Jersey and all the other states that participate in Powerball