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Powerball’s Christmas Eve jackpot tops $1.7B—but here’s what you’d actually get

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The massive Christmas Eve jackpot shrinks significantly once federal and state taxes are factored in. It may be a very Merry Christmas for one lucky Powerball winner. The Christmas Eve Powerball jackpot is accumulating like a snowball tumbling down an epic sledding hill. The total is now so large, it’s a number rarely attainable even for high-stakes gamblers.