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#4
08-03-2007, 11:37 AM
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Re: Lotteries
1. I agree that more people will buy tickets once the jackpot gets really big
2. Uncle sam would take 35% (top tax bracket) and it is tax free in the state. Still I could live with a net amount of about $13,000,000 if I take the cash option. This assumes that the PV of $40MM is $20MM which is really conservative I think and a tax rate of 35%. ($20MM * (1-.35)). 
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