Why the winner of the $ Mega Millions jackpot would take home
When a player wins the Powerball jackpot, they can choose to receive the prize in annuity payments over time or take a lump-sum payment A player has 60
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Typically less than the advertised jackpot due to immediate taxes Potentially receive the full advertised jackpot, as payments are spread out and may be taxed
why does my lottery ticket say see retailer ontario Taking the lump sum will also mean you will be in the highest band of tax income As of 2020, you'll likely owe the IRS at least 37% in taxes