Hit the jackpot, meet the taxman.

The Powerball jackpot has soared to a staggering estimated $1.8 billion — but the lucky winner will have to fork over millions in taxes before enjoying the benefits of the gargantuan prize.

Saturday’s drawing, the second-largest in US history, has dreamers eager to cash in , but even if someone hits, a significant portion will go straight to taxes, leaving the winner far short of the advertised jackpot. 3

Lotto winners lose at least 24% of the grand prize to federal income taxes — meaning Saturday’s jackpot winner could owe a whopping $198.3 million, CNBC reported.

However, the colossal earnings will push the lucky winner into a 37% federal tax bracket, meaning they’ll surrender even more on top of any state taxes that may apply, depending on

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