I Won! Now What?

If the $ billion winner decides to receive their winnings in a 30-year annuity, their average amount each year would be $22,712,845 and

If a lucky Mega Millions winner opts for the lump sum route their cash option would drop to roughly $172 million after a mandatory 24% federal

if you win lottery how much is taxed If a lucky Mega Millions winner opts for the lump sum route their cash option would drop to roughly $172 million after a mandatory 24% federal

if you win the lottery how much is taxed uk If you win an amount that exceeds , then the amount is subject to TDS as per the Income Tax Act 1961 The prize money is taxable at 30%