Mega Millions: Why the Cash Option Is Less Than the Jackpot

Lottery winners who take cash either don't want to wait for their winnings or figure they can invest the money and end up with more money than

First, if your lottery prize is less than $10 million, you may be in a better income tax position if you receive the proceeds over several years

why can''t i win the lottery The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 The lump sum payout for a given estimated jackpot varies

why does alabama not have a lottery The cash you can choose to receive immediately if you win is depicted in smaller type, beneath the so-called jackpot — yet this cash option is