The way it works is that he had a choice: take the $232 million spread over 20 years or take a one time lump sum payout of $118 million. After the taxes, that's $88 million. It's still the smart play, which is why almost every big lottery winner does it that way.
It’s the smart play if he uses it to buy Gold Bullion, ammunition and canned goods.
Yes, and all lottery tickets are bought with AFTER-TAX dollars. Uncle Sam and Governor Ripoff have taken their share from your paycheck, and then you buy the lottery ticket.
Then you win, and SHAM-WOW!!
There’s Uncle Sam and Governor Ripoff taking their share AGAIN.
The government is your silent partner in all transactions.
And it still isn’t enough.