![]() ![]() Since the lump sum and annuity option award different payouts, it only follows that your tax liability (federal tax + state tax) will also be different for both. On the other hand, the annuity option awards the winner with the full amount or 100% of the jackpot – starting with one initial payment, followed by annual payments over the next 29 years. Lump Sum/Cash Option Calculator Gross Payout (~61% of the jackpot)Īs you might already know, when a player wins the Powerball jackpot, they have to choose between a single lump sum or 30 annual payments to receive their prize.Ĭhoosing the lump sum, also known as the cash option, reduces the jackpot size to approximately 61% of the original amount, but awards it all at once to the player. Lottery Calculators: From Odds to Taxes.Powerball Calculator: Payout, Tax & Annuity Explained.Mega Millions Payout Calculator: Payout, Tax & Annuity Explained. ![]() Lottery Odds Calculator: Calculate Your Odds of Winning The Lottery. ![]()
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![]() ![]() In a statement, MGM Resorts said its investigation into the matter is ongoing. But then came a new problem: How do you cancel a trip when you can’t reach anybody at the casino or access the hotel’s website? When word of the problems at the Borgata started to get out on Monday, some customers planning to visit later this week commented on social media that they were considering canceling their trips. “It’s absolute chaos down here,” one Borgata customer named Mary (she asked us not to use her last name) told me. If you play a machine and win, the machines apparently aren’t printing out tickets. According to some gamblers I spoke with over the past 24 hours, they can’t use credit or debit cards to pay for anything. The casino’s operation is feeling the blow as well. Of course, it’s not just the hotel operation that’s impacted. ![]() Even if you look on external travel-booking websites like Orbitz and Expedia, the Borgata shows as “sold out” for every day this year. ![]() I tried doing that numerous times, and not one of my calls went through. All you’ll see is a message telling you to call the Borgata’s local phone number in Atlantic City. Want to go to the Borgata’s website? You can’t. ![]() ![]() ![]() Carr David Varriale Darla House Carol Krolick Frank Regich Herb Schwartz Max Raven Clem Caserta Jed Mills Janet Denti Cameron Milzer Leain Vashon Jim Morgan Williams Brian Le Baron Mortiki Yerushalmi Mufid M. Smith David Rose Jonathan Kraft Michael McKensie Pratt Patti James Ruth Gillis Carol Cardwell Dean Casper Nan Brennan Karyn Amalfitano C.C. 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