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Eric C
Lv 4
Eric C asked in Games & RecreationGambling · 1 decade ago

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?

2 Answers

  • 1 decade ago
    Favorite 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

  • Anonymous
    1 decade ago

    half because he /she has to pay taxes on it

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