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There was $273,869,273 in other prizes won and the pot split 3 ways

Posted on 1/14/16 at 7:13 am
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167861 posts
Posted on 1/14/16 at 7:13 am
So each prize winner will get $130 Mil give or take if they take the cash payout after the lotto fees and taxes?
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167861 posts
Posted on 1/14/16 at 7:21 am to
Posted by Federal Tiger
Connecticut
Member since Dec 2007
7938 posts
Posted on 1/14/16 at 7:22 am to
Looks correct to me. $130 million in a cash payout would be a nice life - for a person educated on how to handle money.
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84030 posts
Posted on 1/14/16 at 7:22 am to
frick it. I'll take it.
Posted by jpggpj
Chair
Member since Oct 2005
3993 posts
Posted on 1/14/16 at 8:01 am to
I don't think anything other than the jackpot come out of the 1.5 billion? So all the other cash prizes come out of another account and the jackpot is split between the 3 winning tickets which brings up their take home cash....I think.
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67601 posts
Posted on 1/14/16 at 8:28 am to
quote:

So each prize winner will get $130 Mil


seems like it would be higher...only 390 million in cash off of 1.58 billion?
Posted by SprintFun
Columbus, OH
Member since Dec 2007
45794 posts
Posted on 1/14/16 at 8:30 am to
The other prizes paid out do not come from the jackpot.
Posted by ForeverLSU02
Albany
Member since Jun 2007
52188 posts
Posted on 1/14/16 at 8:42 am to
quote:

The cash value, or lump sum total, of Wednesday's jackpot was $929.9 million.
quote:

If each takes the lump-sum payout, each winner will take home $187.2 million. None will have to pay state taxes -- neither Florida nor Tennessee has a state income tax, and California has a decades-old law that exempts lottery winners from paying state taxes. So they'll all only have to pay 39.6% in federal taxes.
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 1/14/16 at 8:44 am to
I wonder how much the clerk and store that sold the winning tickets gets


I know they each get a payout of something
Posted by cfish140
BR
Member since Aug 2007
7318 posts
Posted on 1/14/16 at 8:58 am to
Buddy of mine in central won $50,000
Posted by sugar71
NOLA
Member since Jun 2012
9967 posts
Posted on 1/14/16 at 9:09 am to
quote:

So each prize winner will get $130 Mil give or take if they take the cash payout after the lotto fees and taxes


Where are you all getting this info?

The cash value is nearly $985 million divided by 3.

Nearly $330 million dollars each before taxes. Some don't have to pay state taxes.


Around $200 million each after taxes?


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