whats the cash value of a 340 million dollar lottery win, if you take it in one lump sum?

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whats the cash value of a 340 million dollar lottery win, if you take it in one lump sum?

2007-03-04 05:25:34 · 3 answers · asked by Anonymous in Business & Finance ➔ Personal Finance

3 answers

It's about 1/2, or 170 million. But you have to pay taxes on that, so subtract about 1/3 more. Figure about 105 million. Not bad; I could live on that!

2007-03-04 05:32:01 · answer #1 · answered by Maryfrances 5 · 1⤊ 0⤋

The Cash Value is normally 45-55% of the jackpot amount.

2007-03-04 14:32:10 · answer #2 · answered by Matthew M 3 · 0⤊ 0⤋

Good for you Invest your money they take off money for taxes good luck

2007-03-08 13:30:46 · answer #3 · answered by pattibcacl 6 · 0⤊ 0⤋