I thought the tax bite would be higher ... perhaps 50%, but this says different.
I don't think I would take the thirty (30) year option ... we don't even know if the ground we stand on will still be here in 30 years.
https://www.msn.com/en-us/money/taxe...ots/ar-BBOJ1gl
Here's the tax bite on $1.6 billion Mega Millions and $620 million Powerball jackpots
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The immediate cash option for Mega Millions is $904 million. The federal withholding would reduce that by $217 million. For the $354.3 million Powerball lump sum, it would mean $85 million getting shaved off the top.
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The chance of winning both lotteries is at least 1 in 88 quadrillion (that's 88 followed by 15 zeros).