A single Mega Millions ticket sold in New York City matched all six numbers in Tuesday night's drawing to nab the top prize. While the windfall will be a life-changing bonanza, the advertised amount isn't what the winner will actually end up with. Winners get to choose between taking their prize as either a lump sum or an annuity paid over 30 years. Be aware that there is an effort in Congress to increase that to Then there are state and local taxes. In New York state, the win would be subject to a Additionally, New York City grabs 3.
Despite the sizeable share that goes to taxes, the windfall is more than most people see in a lifetime. This makes it important to get professional guidance before heading to lottery headquarters. In New York, you get a year to claim your prize. Generally speaking, the first call should be to an attorney experienced in assisting lottery winners, experts say.
Other professionals also should be brought in to help, including a tax advisor and a financial advisor. The drawing is at p. For the latest on Michigan Lottery, check out the official Michigan Lottery site , which also offers more information on instant tickets, raffles and other lottery games.
With their winnings, the group plans to give back to the community. The ticket was purchased at the Speedway in Hartland, but the winner never came forward to claim the prize.
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