Learn about gambling and the lottery in Massachusetts -
If a winner is picked on Monday, they will be able to choose to either receive the full amount of $975 million paid out in a 30-year annuity
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Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments Each payment is 5% bigger than the previous one
how do casinos make money from poker Cash option: Federal income taxes are due as soon as you receive the cash payout You might also move into a higher income tax bracket for the year, which could