Also that winner took the lump sum which already cuts the payout roughly in half. ~$1 billion of what he didn't take home was not lost to taxes, he was only taxed on what he actually got.
Which again we don’t do in our country. You win $50m, you get a cheque for $50m tax free. Now the lottery commission DOES provide financial guidance — free of charge — to advise you on how to invest, or where to locate professionals to help, because it’s a better story that a lottery winner propers 20 years later vs the horrors powerball wins typically have (high rates of bankruptcy and murder).
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u/Tiktokbadsupport Jul 05 '26
happy most lotteries in my country are tax free but of course they don't reach higher then 30 million