Memes

45895 readers

933 users here now

Rules:

Be civil and nice.
Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.

founded 5 years ago

MODERATORS

[email protected]

475

jackpot (programming.dev)

submitted 1 year ago by [email protected] to c/[email protected]

55 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] DharkStare 2 points 1 year ago

When you win the lottery you have two options:lump sum or annuity. If you take the lump sum you basically get half the advertised amount and then pay taxes on that. If you take the annuity, you are paid out over 30 years and you pay taxes on each payment. It's also setup where they pay you more each year over the pay period.

If you go to USA Mega, you can see jackpot analysis for PowerBall and Mega Millions where you can see the complete breakdown on the payments.