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Even so, no one scored the jackpot, which is now up to $685 million. It could quickly cross into the top-10 greatest Powerball jackpots. Prizes up to $600 can be cashed at any Georgia Lottery retailer. Seek the advice of a tax professional to establish precise amounts, but this provides you an idea of how lottery taxes work. Be sure to set aside a portion for taxes when claiming to prevent penalties.

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