2007-01-26 22:54:38 · 5 answers · asked by TLT I 1 in Games & Recreation ➔ Gambling
According to Powerball someone won the $250,000,000 on Wednesday Jan 24th.
Thier web site states that if they take the cash they would walk away with approximately $83,000,000. This includes the penalty for taking the prize immediately and tax.
Alternatively they will pay 30 equal payments of around $8.3m. This will be subject to state and federal tax, as if you earned it in a job.
There is a more detailed explanation as to how they arrived at these figures on their web site.
2007-01-27 01:04:39 · answer #1 · answered by ZCT 7 · 0⤊ 0⤋
Approx 115 million for the cash option, before taxes. After taxes, about 80 million.
2007-01-27 06:58:39 · answer #2 · answered by regerugged 7 · 0⤊ 1⤋
Depends on the state that person lives in. If you live in a state that has high taxes, you're screwed!
2007-01-27 06:58:17 · answer #3 · answered by Mr. Mui 3 · 0⤊ 0⤋
40% of cash payment, then 40% off for tax - 60,000,000$
2007-01-27 06:58:19 · answer #4 · answered by Nate H 2 · 0⤊ 1⤋
won 15 minutes from my house. miss it by that much...lol
2007-01-28 03:25:19 · answer #5 · answered by Powerhaus 1 · 0⤊ 0⤋