What Would You Do With a Billion Dollars?

The Mega Millions jackpot surpassed $1 billion, marking only the third time the jackpot has crossed this threshold. What would you do if you won a billion dollars?

The Mega Millions jackpot surpassed $1 billion, marking only the third time the jackpot has crossed this threshold.

Players who win the Mega Millions jackpot can decide whether to collect the money in installments or all at once. Lottery entrants who opt for the full $1.1 billion payout would receive that sum in annual payments over about 30 years, so the majority choose an immediate cash option instead. In this case, the prize pot’s cash option offers $648.2 million to hopeful winners. 

What would you do if you won a billion dollars?

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  1. Think about it this way. The cash payment option is $648.2m. Subtract taxes and you’re left with about $350m. Still a boat load of cash, but more than 65% less than the advertised amount.

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