[shotgun]

The cash option, minus the state’s take of money from the purchase of tickets, is what it takes to invest in the 30-year annuity to claim the entire jackpot. It is not a 50% tax.

[JSM_Liberty]

“minus the state’s take of money from the purchase of tickets”

My point was that the state’s take of money from the purchase of tickets is 50%.

[zeestephen]

Re: "It is not a 50% tax."

If you live in California it is.

Federal - 37%

California - 13.3%