How much a Mega Millions jackpot winner pay as taxes.

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Mega Millions jackpot has announced a new $1.28 billion cash prize winner.

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But you will amazed to hear that winner will only receive $433.7 million.

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Small lottery association is not able to come up with that much of billion dollars at once.

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Due to that winners are offered for a large prize at once or a series of smaller payment over time.

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If a winner chose for an installment Mega Millions lottery utilizes the installment of sum over a period of time.

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Utilisation of such installment of sum was most recently valued at $1.28 billion.

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It was the second largest jackpot in Mega Millions history.

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