How much money are we talking here? I mean a couple of million would pay all of the bills and spread some around to friends and relatives and have some fun but . . . let’s see the Powerball® is only up to around . . . . 310 million dollars???? are you kidding me? What am I doing here on FR? I should be out buying lottery tickets with both hands.
310 million annuity, 189 million cash before taxes, of which the Fed cut is 25% before any payout, likely another 14% to the IRS by next tax filing, state taxes if applicable—and that’s just the government vultures.
Dodging abductions, ransom demands, those looking up genealogical connections, fortune seeking law-fare, et cetera is part of the winnings. Some states insist on divulging way too much identity info—one must take serious measures early in this game to avoid becoming nothing more than a target. Am always amazed that so many big winners tootle out in front of the cameras oblivious to the abrupt changes that come about as a consequence of the publicity.