Comments on: How To Win The Lottery and What a $333 Million Winning Lottery Ticket Could Buy You?

By: Hank Coleman

Hank Coleman — Fri, 03 Sep 2010 10:16:19 +0000

@Sheera – You are right about the $38,500. That is the amount received if the winner chooses the yearly payment option like an annuity. Typically, choosing the yearly payment option is a bad deal with respect to the lump sum. You can invest the lump sum and make a better return on your money than choosing the monthly option.

By: sheera

sheera — Thu, 02 Sep 2010 22:21:35 +0000

your article said-
“For every $1 million in the jackpot, a winner would receive about $38,500 a year before taxes, according to the Mega Millions Web site.”

So, you are saying that if the jackpot is 1 million dollars, the winner only gets $38,500 dollars, THEN has to pay taxes on that?

It just does not sound very good to me.

By: astro

astro — Sun, 06 Sep 2009 09:47:15 +0000

If I had won the big jackpot at the online lottery, i would have open a shuttle service to the moon…