If I would win a $200,000,000 Mega Millions Lottery in New York, How much money would I end up with?

Question by Mizzle: If I would win a 0,000,000 Mega Millions Lottery in New York, How much money would I end up with?
I want to know 2 things:

1. If I Choose Lump Sum how much money will I get right away?

2. If I choose Annual Payments how much money would I end up with after 20 years?

Best answer:

Answer by devon q
either way you probably gonna end up with a little more than half with all the crap you have to give away because taxes and stuff

Know better? Leave your own answer in the comments!

There Are 4 Responses So Far. »

  1. IDK

  2. I dont know! Why did you win????

  3. Roughly 40% of the total advertised jackpot. Either way you decide to take it will give the same results. The difference is tax it now or tax it later, but it all gets taxed eventually.

  4. the lump sum of that would be around 110 million then you would lose 30% of that to taxes…
    and if you chose to take that over the 20 years you would get about 14 million after taxes