The winner did not agree to annual payments in installments over 29 years. After the tax deduction, he will receive $433.7 million.
An American who won 1.33 billion dollars in the lottery will be able to get only a third of the amount. This was reported by Bloomberg.
An Illinois resident won a large sum in the Mega Millions lottery, he correctly guessed six numbers. The winner could get the full amount of his winnings if he agreed to annual payments in installments over 29 years.
According to lottery rules, only a portion of the winnings is given outright in cash. In this case, it is $780.5 million. In addition, there is a tax on the amount. In the end, the lucky person can only get 433.7 million dollars.