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Lottery Fever!
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<blockquote data-quote="pickup" data-source="post: 3433805"><p>The difference between the stated jackpot and cash option is not due to taxes. As a matter of fact , taxes has nothing to do with it. </p><p></p><p>The cash option is figured to be the present value of the of the income stream of the stated jackpot in equal payments over 20 years.</p><p></p><p>In other words 274 million dollars today is worth 458 million dollars paid over twenty years.</p></blockquote><p></p>
[QUOTE="pickup, post: 3433805"] The difference between the stated jackpot and cash option is not due to taxes. As a matter of fact , taxes has nothing to do with it. The cash option is figured to be the present value of the of the income stream of the stated jackpot in equal payments over 20 years. In other words 274 million dollars today is worth 458 million dollars paid over twenty years. [/QUOTE]
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