If there is a lucky winner for Monday's Powerball jackpot, they won't take home the entire estimated $905 million prize, even if they have the only ticket with the right six numbers. Federal taxes on Powerball winsFederal taxes on lottery jackpots are determined by which income bracket the winnings fall into. State taxes on Powerball winsMost states tax lottery winnings. According to Lottery USA's tax calculator, a Powerball winner in New York would have to pay $136,773,100 in total taxes (federal and state combined) if they chose the cash option for the current jackpot. Contributing: James Powel, USA TODAYThis article originally appeared on USA TODAY: If you win Powerball, this is how much you'll have to pay in taxes