01-06-2004, 01:24 PM
Yeah, it's basically, finders keepers.
162 million. Cut that in half for a lump sum payment = 81 million. Now take about 50% in taxes = 42 million is about what you get. Maybe a little more. A friend of mine won 7 mill in the NYS Lotto. He wound up with 2.2 mill after lump sum payment and taxes.
What if, after a year, no one claims the prize money. What happens to it? Does it go back into the pot, or does the system just keep it?
162 million. Cut that in half for a lump sum payment = 81 million. Now take about 50% in taxes = 42 million is about what you get. Maybe a little more. A friend of mine won 7 mill in the NYS Lotto. He wound up with 2.2 mill after lump sum payment and taxes.
What if, after a year, no one claims the prize money. What happens to it? Does it go back into the pot, or does the system just keep it?
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