i ve got $10. $10. unbelievable. the only reason is because it is as big as it is. i don t normally play, but it s a huge one. if i win, all my relatives are winning. well, even if you re lucky enough to win, you will be sharing that prize with uncle sam. if you take the cash paver sus installments pay versus installments over 29 years, you lose 37% in federal income tax, bringing that number down to 569 million and that is all before you get hit with the state tax. the highest state taxes are in new york. at 8.82%. despite all odds, studies show that 2/3 of americans play the lottery on average spending about $200 a year. the mega millions drawing is on tuesday. with powerball tonight measly 470 million dollars. jon? jon: only 470 million. that s it. jon: jackie in new york city,
i ve got $10. $10. unbelievable. the only reason is because it is as big as it is. i don t normally play, but it s a huge one. if i win, all my relatives are winning. well, even if you re lucky enough to win, you will be sharing that prize with uncle sam. if you take the cash paver sus installments pay versus installments over 29 years, you lose 37% in federal income tax, bringing that number down to 569 million and that is all before you get hit with the state tax. the highest state taxes are in new york. at 8.82%. despite all odds, studies show that 2/3 of americans play the lottery on average spending about $200 a year. the mega millions drawing is on tuesday. with powerball tonight measly 470 million dollars. jon? jon: only 470 million. that s it. jon: jackie in new york city,
the registers. yet in nevada the line snaked around the building, some people waiting more than four hours for a ticket. and nevada doesn t participate in the lottery, but it straddles the border. even first-timers are trying their luck. it s as big as it is. i don t normally play, but it s a huge one. i figure if i win, all of my relatives are winning. so if you take the cash payout versus installments over 29 years it comes out to $904 million before taxes. then you lose 37% in federal income tax, bringing that number down to $569 million. that s before you get hit with the state tax. the highest state taxes at new york at 8.82%. now your odds are even slimmer than they were yesterday, sitting just under 302.26 million.