They won $96ish million, took the lump payout of $57 million.
How the fuck can you win 96 million on a lottery and only receive 57 mil?
Is that a Freedom©®™ thing the rest of us wouldn’t understand? 😂
In germany the lottery is state owned and the tax is applied before money is added to the jackpot. So if the jackpot is 50mil you get 50mil
Nope, that’s not what reduced it. It was the lump pay out. You only get the full amount if you take the 21 year payout.
I don’t understand being taxed on winnings, to be honest
But yous get taxed on working abroad 😂😂
You have a choice: get 57M or get an annuity that costs 57M and pays out 96M over two decades
If you took the 57 million and invested it in an index fund you would probably do better than 96M over the same timespan, though you would probably be taxed more and have to be responsible enough to not spend the money instead
My coworkers and I had a fun lunch calculating minimum purchase amounts to guarantee or significantly increase winning chances for some smaller local lotteries. There’s a surprising amount of chances to do this especially if you pool your money and don’t have to wait for receipts to be printed. There was one local lottery for ~11m and would only require ~600k to be most likely to win based on the average ticket sales of that specific one.
Great, even the lottery is P2W
stefan mandel won a bunch of jackpots in australia and the us during the 1970s and 80s doing the same thing, buying all the numbers.
Didn’t Voltaire do this?