After taxes it would be less than a billion. And the shown jackpot is the inuity which I think most people would not take.
After taxes (federal withholding of 25% plus state income tax) with the cash option is about half the shown jackpot.
It’s funny how everyone, including me usually only buys them when the jackpot is huge, because you know a cool 20 mil would change your life almost as much as 400 million.
Now if it gets around several billion then you’re talking enough to buy major sports franchises. I wonder what the least vauable MLB team is, The Royals are worth 350 mil.
I’d still take the one time payout.
A cheque in the hand is always better than the promises of future payout.
Yeah, but then you would have to actually spend time in Kansas City. :)
Nah, I'd buy a hockey team, instead. They're cheaper. Maybe buy a team and locate it in Toronto to, y'know, bring professional hockey to that city (ducking launched Molson bottles in 3..2..1..)