The second-largest Powerball jackpot in US history has been claimed — and after taxes, the record-shattering prize looks a lot smaller than the headline figure.

Saturday’s $1.787 billion drawing produced two winning tickets, one sold in Missouri and the other in Texas, lottery officials confirmed. Each winner is entitled to a lump-sum cash payout of roughly $410.3 million before taxes.

That eye-popping number is immediately pared back by the taxman’s take. The IRS automatically withholds 24% of winnings, but because jackpot winners fall into the highest income bracket, the full 37% rate applies. After all federal taxes are accounted for, each winner is left with about $258.5 million. 3

From there, the difference comes down to state law. Texas does not levy a state income tax,

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