Generally, when you invest, you pay taxes, but when the government invests they do so free of all tax obligations.
The estimated annuity value of $731.1 million is the fourth-biggest in Powerball history and the sixth-largest in U.S. lottery history.
He chose to acquire his winnings in a a single-time, lump-sum payment of $160,038,447.27.
That is practically the identical amount as the next Powerball jackpot prize, which has reset to $20 million for its drawing on Saturday evening.
The dollars made from games like Money five and Colossal Money goes to assistance education in North Carolina.