The winning numbers for the sixth largest Mega Millions jackpot in history were drawn Friday night, giving people across the country a chance at becoming a…
The jackpot comes with a $333.4 million one-time cash option in lieu of receiving the $687 million prize over over 29 years., which gives one immediate payment and continues to give annual payments over the next 29 years. The payments increase by 5% each time in the annuity option, however most choose the cash option.There's a mandatory 24% federal withholding for winnings above $5,000 that goes straight to the IRS.
“The lesson didn’t really go according to plan.” Math professor Nicholas Kapoor bought a Powerball ticket to demonstrate how improbable it is to win the lottery – and then he won $100,000. Here’s what he wants you to know about playing the Powerball.
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