[LibWhacker]

It all boils down to this easy formula: If you want to know the approx. lump sum payout after all taxes have been paid, multiply the advertised lottery jackpot by 0.3; i.e.,

               The Lump Sum Payout = 0.3 x Jackpot

In this case, each player's advertised take is $2M. So

               The Lump Sum Payout for each player = 0.3 x $2M, or

               $600K, approximately.

The upshot of all this is, if you ever win a two million dollar jackpot, every relative and friend you didn't even know you had is going to come to you and get all angry at you and not understand why you can't give him a lousy $200K. After all, that is only a lousy 10% of what you won, right? :-)

[rwfromkansas]

lol