Jun 19, 200610:43 AMThe Life
Mega musings
admin
Jun 19, 2006 - 10:43 AM
La Quinta Liquor & Deli, which claims to have the "coldest beer in the desert," sold the winning ticket in last Friday's Mega Millions Lottery.The winner will receive approximately 45% to 55% of the $34,000,000 prize, if s/he elects to take it in a lump sum, rather than 26 annual payments. Federal tax is then withheld, at a rate of 25%. So s/he might go home with as little as $11.5 mill. Hardly worth the trouble of buying a wheelbarrow.
The store owner will receive 0.5% of the prize, approximately $170,000. I guess it beats a sharp stick in the eye.
You can receive the Winners' Handbook (2.3Mb PDF download). Don't spend it all in one place.
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