A huge chunk of lottery winnings are subjected to large federal tax withholdings and, in some cases, state and city taxes, too.
Key Facts
If the winner opts for an immediate cash lump sum–the most popular option among lottery winners–they’ll take homeThey also have the option to take the full $1.28 billion prize before taxes paid out over 29 years with 30 annual payments of $42.6 million, on average. Federal lottery withholdings and additional taxes at a higher bracket would leave the winner with $470.7 million if they choose the cash prize, and $26.9 million a year if they take the annual payments.This Mega Millions round marks the third time the lottery’s jackpot has exceeded $1 billion. The lottery’s largest jackpot in history was $1.54 billion in 2018, and was awarded to an anonymous resident of South Carolina.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Man wins another huge lottery prize at the same location where he won $1 millionA man won another huge lottery prize after purchasing a ticket at the same spot where he got a winner years ago.
Weiterlesen »
Someone in Illinois Won the $1.337 Billion Mega Millions Jackpot—the Third-Largest Lottery Prize in U.S. HistoryLottery officials say a ticket bought in Illinois matches the winning numbers for the Mega Millions’ $1.337 billion jackpot, which ranks among the largest ever.
Weiterlesen »
Des Plaines residents speculate about who won the $1.3 billion Mega Millions jackpotThe Speedway on Touhy is about five miles from O'Hare International Airport. People driving by on Saturday said that the winner could be from anywhere.
Weiterlesen »
Single Ticket Has Won $1.28 Billion Mega Millions PrizeOne lucky winner has collected the third largest lottery prize in U.S. history of more than $1 billion in the Mega Millions jackpot. Was it you?
Weiterlesen »
Ji Chang Wook, Sooyoung, And Won Ji An Talk About Their Exceptional Chemistry On Set Of “If You Wish Upon Me”The cast of KBS2’s “If You Wish Upon Me” talked about the upcoming drama! “If You Wish Upon Me” is a new drama inspired by an actual organization in the Netherlands that fulfills the wishes of terminal cancer patients. Ji Chang Wook will star as Yoon Gyeo Re, a man who has been pushed to
Weiterlesen »
Mega Millions: 1 winning $1.28B jackpot ticket sold in IllinoisOne winning Mega Millions $1.28 billion jackpot ticket was sold in Illinois, officials confirmed to ABC News.
Weiterlesen »