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How much in reality the lotto winner take home?
let's use an example: next mega lotto here in CA is $122 million. if one sole winner take the cash value, how much is the winner take home?
- 1 decade agoFavorite Answer
if you take the cash value they give you around 60% of the total and then tax you another 30% on that i think. my aunt won $400,000 in '95 or so and after taxes she had a little under $300,000
- Anonymous1 decade ago
half because he /she has to pay taxes on it