Remember, the rest of your federal tax bill comes next year and will cost you another $33,242,955.
The federal government will immediately take $61,440,000 from that cash option (24%). If the jackpot remains at $476 million for the next drawing, and the cash option is $256 million, then here is how it will go: So, let’s say you decide to take the cash option when you win the jackpot.
