The third sentence of the article says “The 1.28 billion is only if you take it over time, but if you want it all now, you get $747.2 million.”
Which means the winner kept 58% of the actual gross. Which, considering state and local taxes, a 44% tax rate for that kind of windfall isn’t horrible.
Assuming the winner has 40 more years of life, that’s ten million a year to spend, if it’s all kept under a mattress.
The third sentence of the article says “The 1.28 billion is only if you take it over time, but if you want it all now, you get $747.2 million.”
Which means the winner kept 58% of the actual gross. Which, considering state and local taxes, a 44% tax rate for that kind of windfall isn’t horrible.
Assuming the winner has 40 more years of life, that’s ten million a year to spend, if it’s all kept under a mattress.