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malfeanatwork t1_jb5botc wrote

Reply to comment by IamSauerKraut in Mass. man to buy house in Maine after winning $4M scratch ticket prize by DrMcMeow

>Question: What happened to the $1.4 million that he won but did not take home?
>
>Answer: The $1.4 million he did not take home is the amount that was withheld for taxes.

This is not true. The prize payout is structured as 4 million by way of 200K per year for 20 years. By choosing a one time payout, you lose a lot of that money but get it immediately. That is where the 1.4 million went. He still has to pay taxes on 2.6 million.

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