The Market Ticker - Lottery Tickets and Taxes
It’s happening again.
The MegaMillions jackpot has reached nearly a billion dollars. Well, sort of.
Of course the real figure isn’t the published one, because that’s the “25 year annuity” value – not the cash price. Like virtually everything these days fraud is part of the model and since it’s government committing the fraud nobody cares. Neither you or I would get away with claiming $600 million was nearly a billion, but government will — and does.
Yes, the real cash amount is still a hell of a lot of money — don’t get me wrong.
But the odds of winning are roughly 1 in 300 million, and what’s worse is that with taxes out (Click link to read more)
Source: https://www.market-ticker.org/akcs-www?post=234392
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