Is $810 million worth $2
That's a good question, given it costs $2 to buy a Mega Millions lottery ticket that could pay off with an estimated $810 million prize —chance of winning the grand prize
As lottery officials note, players should think of their $2 bet as a chance to dream while accepting the reality they likely won’t be entering a new income tax bracket Tuesday night.you are not going to get $810 million. And then there are federal taxes, which will slice 37% off that cash prize, so that would leave less than $300 million, though state taxes could cut into that amount as well, depending on where the winner lives. Still a fortune, but a smaller fortune. That also doesn’t account for the possibility that someone else will match the winning numbers, meaning they would need to divide even those smaller winnings in half or more, depending on the number of lucky players.