It's madness,' store clerk says as Mega Millions [lottery] jackpot soars to record $1 billion

[Hamartia Antidote]

https://abcnews.go.com/amp/US/mega-...ow-billion-combined-jackpot/story?id=58505714

 

[waz]

How much is the collective payout i.e. the one which isn't paid per year?

 

[Hamartia Antidote]

How much is the collective payout i.e. the one which isn't paid per year?

https://www.usamega.com/mega-millions-jackpot.asp

Before taxes
30 yr: $33,333,333/yr
Lump sum: $565M


After Massachusetts taxes

30 year
Your average net per year: $23,666,666
After 30 payments: $709,999,980

Or

Lump sum
Your net payout: $401,576,000


There’s always the debate on which is better:

Take a big lump sum and live off just the interest for eternity.
Or
Take the 30 year and have income for 30 years.

 

[AZADPAKISTAN2009]

Can I buy one ticket for Bhasha Dam fund

 

[HttpError]

Damn!, I never played the lottery but when pot swells to $1Billion I'd like to try it.

 

[xyxmt]

https://www.usamega.com/mega-millions-jackpot.asp

Before taxes
30 yr: $33,333,333/yr
Lump sum: $565M


After Massachusetts taxes

30 year
Your average net per year: $23,666,666
After 30 payments: $709,999,980

Or

Lump sum
Your net payout: $401,576,000


There’s always the debate on which is better:

Take a big lump sum and live off just the interest for eternity.
Or
Take the 30 year and have income for 30 years.

23 million/year is yearly income for you?

 

[Hamartia Antidote]

23 million/year is yearly income for you?

Oh the relatives will probably want some of the pie.