Plus $1 billion...

[popeyespappy]

http://www.megamillions.com/difference-b...nd-annuity

Yep. Assuming the current estimate is correct the payout for a single winning ticket would look about like this:

Year 1 : $24,082,296.13
Year 2 : $25,286,410.94
Year 3 : $26,550,731.48
Year 4 : $27,878,268.06
Year 5 : $29,272,181.46
Year 6 : $30,735,790.53
Year 7 : $32,272,580.06
Year 8 : $33,886,209.06
Year 9 : $35,580,519.52
Year 10 : $37,359,545.49
Year 11 : $39,227,522.77
Year 12 : $41,188,898.90
Year 13 : $43,248,343.85
Year 14 : $45,410,761.04
Year 15 : $47,681,299.09
Year 16 : $50,065,364.05
Year 17 : $52,568,632.25
Year 18 : $55,197,063.86
Year 19 : $57,956,917.06
Year 20 : $60,854,762.91
Year 21 : $63,897,501.06
Year 22 : $67,092,376.11
Year 23 : $70,446,994.91
Year 24 : $73,969,344.66
Year 25 : $77,667,811.89
Year 26 : $81,551,202.49
Year 27 : $85,628,762.61
Year 28 : $89,910,200.74
Year 29 : $94,405,710.78
Year 30 : $99,125,996.32
Total Payout: $1,600,000,000.10

They would withhold taxes each year based on the amount of the annual payout.

If you take the cash option the payout would look like this:

Year 1 : $904,000,000.00
Total Payout : $904,000,000.00


In this case they would withhold taxes on the $904 million.