Lottery Taxes - How Much Tax Is If You Win The Lottery

Published 2016-01-16 • MrBeast • Watch on YouTube
👁 139,199 views👍 3,682 likes⏱ 3:40

About This Video

Lottery taxes are really high, so if you think you will ever win this is how much money you would actually get to keep. Rock - https://www.youtube.com/watch?v=fShxQ6QSENk&feature=youtu.be Paper - https://www.youtube.com/watch?v=QULAGud7bg8&feature=youtu.be Scissors - https://www.youtube.com/watch?v=tyJE9uBmKWs NEW Merch Store! - https://mrbeast.store Check out Viewstats! - https://www.viewstats.com/ For any questions or inquiries regarding this video please reach out to chucky@mrbeastbusine

Transcript Excerpt

0:10The jackpot for the last lottery was 1
0:13billion 500 million. Now, let's say
0:15hypothetically you won the $ 1.5 billion
0:18jackpot. Do you know how much of that
0:20money you would actually keep? You see,
0:21if you won the $ 1.5 billion and you
0:23asked for the money immediately, you
0:25would not get $1.5 billion. If you ask
0:28for all the money right when you hand
0:29them the ticket, they're only going to
0:30give you 930 million. But if you spread
0:33out the payments over 30 years, you will
0:36receive the full 1.5 billion. This is
0:38because the lottery lies to us. You
0:40know, when you see the billboard or the
0:42commercials, you see $1.5 billion. How
0:45they advertise the jackpot being that
0:46high. That's not how much money they
0:48have. In fact, they only have 930
0:50million, 62% of that. But they advertise
0:53it at 1.5 billion. Which is why if you
0:55won the $ 1.5 billion lottery and asked
0:57for the money right away, they'd only
0:59hand you a check with 930 million. But
1:02if you spread it out over 30 years, that
1:04gives them time to invest the 930
1:06million. And so if you spread it out
1:07over 30 years, you would receive the
1:09full 1.5 billion to advertise, but
1:12that's only if you wait 30 years instead

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