7 State Workers to Split Mega-Millions Jackpot

[Vovchandr]

@Yo Rita

Still going to be around 20 million or so. If they take the cash option, they will have around 195 million to split between 7 people, leaving them with around ~27 million each before taxes. NYS charges 8.9 percent and if I remember correctly I think federal tax for lotto winnings is around 25 percent. With all the taxes taken out it should leave each person right around 20million each.

Feds take up to 35% and if NY taxes their share as you’ve said that’s 43%

There is a reason why most winners end up miserable.

Lottery players amaze me at how illogical they are.