What a sweet racket.
PRIZE $338 Million.
Means ‘they’ had to collect whatever the auto payoff to Govt entities the ‘money is earmarked for + Op expenses - 338 is probably half??
Then get penalized for ‘early payout’
Then get taxed.
Think his take home is about 120 million
So if you figure that 700 +- Mill was collected and the guy gets 120 million, nice racket....
And ‘they’ (Govt) raise hell if I want to sell/raffle my house/car— whatever and sell tickets....
The American dream used to be work hard, pay taxes, save and you will get ahead. Now it is win the lottery. A heck of a lot more people could do the former.