How to Invest $100 Million Dollars If You Win the Lottery

“The IRS is required to withhold 24% from the winnings, but that doesn't mean whoever wins and chooses the lump sum option is done paying taxes,

Lottery winnings are treated as regular income and subject to state and federal income taxes In the US, most states offer some type of cash

taxes on $1 million dollars lottery winnings But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This

taxes on 1 million dollars lottery winnings Taxes are deferred until payouts are received Winners choosing annuity payments often hedge their bets that tax rates will be lower in the future Investment