Seriously, what would you do with a 1/2 bill?

[Mazderati]

With three winning tickets, the lump sum will be $187.2 million. None of them will have to pay state taxes -- neither Florida nor Tennessee has a state income tax, and California has a decades-old law that exempts lottery winners from paying state taxes. So they'll all only have to pay 39.6% in federal taxes. Link.

[riser4]

I am still shocked every time I hear it that CA does not tax lottery winnings. It goes against all of the stereotypes and propaganda.

[huckbucket]

With three winning tickets, the lump sum will be $187.2 million. None of them will have to pay state taxes -- neither Florida nor Tennessee has a state income tax, and California has a decades-old law that exempts lottery winners from paying state taxes. So they'll all only have to pay 39.6% in federal taxes. Link.

For those not wanting to do that math, that's $113MM cash each or roughly 1,000,000 high-quality bowling balls each.

[riser4]

For those not wanting to do that math, that's $113MM cash each or roughly 1,000,000 high-quality bowling balls each.

Man. with that many bowling balls I'd want me a punt mortar fo sho.