Friday's Mega Millions is Big, but what about the Payout?
Time to talk payout! So say you were the winner of Friday's $1.35 billion jackpot. Nice job! Two payout options would be made available to you. One option involves an annuity paid over a 29-year period. The second and more common choice is a lump sum cash option, which would cut your jackpot earnings in half! Ouch! The tax man cometh in a big way on that dollar amount! But then again, you'd still be sitting pretty as the halfway mark is $707.9 million. Most people wouldn't flinch at that amount, and I'm one of them.