"Iverson said the $208.6 million could be paid in 30 installments. But she said the winner or winners could choose a lump sum payment, which she said would be $95.8 million. Both those figures are before taxes, Iverson said."
Can somebody explain this to me?
The lump sum of the 208.6 million jackpot...BEFORE taxes are taken out...is only 95.8 million?
Does the lottery take out a huge chunk for "fees" or something?
This makes no sense.