Mega Millions: Good Day LA kids say what they would do if they won a billion dollars
Here’s how the kids would spend the money
LOS ANGELES -Feeling lucky? As the nation waits for the winner of Powerball’s $975 million lottery winner, someone in <a href="https://todaytrendnews7.com/newsom-to-california-agencies-better-prepare-for-artificial-intelligence-attacks/” title=”Newsom to California agencies: Better prepare for artificial intelligence attacks”>California may be up to $1.4 million richer
According to the California Lottery’s website late Monday night, a ticket worth $1,478,686 was sold at 7-Eleven near the intersection of Santa Monica Boulevard and North Wilton Place in Hollywood
The news comes as Powerball held a drawing for the then-top prize of $905 million
Below were the winning numbers for August 10, which apparently no one got all six numbers:
6, 37, 54, 55, 64. PB: 10
The drawing for the $975 million jackpot will be held on Wednesday, August 12 at 8 p.m. PT
HOW MUCH DO YOU WIN AFTER TAXES?
There are 975 million reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed
So how much do you really get after taxes?
It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?
According to Mega Millions’ website, those electing to take the annuity option get one immediate payment followed by 29 annual payments. Powerball follows an identical process for paying out its jackpot winners
This story was reported from Los Angeles
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