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A winner could get $19.2 million a year for 26 years or a single payment of $359 million. The prior record jackpot in the Mega Millions game was $390 million in 2007, split by two winners in New Jersey and Georgia. Since there is no income tax in Florida or Tennessee , the cash option after Federal withholdings is $187.2 million every. The dilemma

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To steer clear of overspending, lottery winners should really know how a lot dollars they actually have. Even though the jackpot was $2.04 billion, the winner will take property a lot much less than that immediately after taxes. While the windfall is significant sufficient to acquire a private island or a sports team, managing the winnings is not a

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And according lottery officials, that is exactly what occurred. Powerball in a Tuesday press release mentioned "the jackpot climbed beyond its earlier estimate to $2.04 billion at the time of the drawing." The winning ticket was sold at Hometown Gas & Grill in Lebanon, Maine, according to state lottery officials. In spite of all the headlines gener

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Do you know even the first factor about how lottery jackpots are taxed? Lottery winners have one year from the date of the drawing to sign their ticket and claim their prize, according to the Pennsylvania Lottery Commission. Winners cannot be publicly identified until they claim their prize. But if you played the game but didn't win the jackpot, t

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