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The biggest guaranteed winner is the IRS

Damn from $550 million to $150 m after taxes ! Insane

Congratulations to the US government for being the largest lottery winner’s ever!

In America you get taxed for stepping out of your house for a walk.

It's my turn to win the lottery millons AMEN.❤😊

"He'd only have a measley $25,000,000 left." Yep, the stuff of nightmares

If you win a huge jackpot; 1) before claiming your prize speak with an attorney 2)speak to a financial advisor 3) do not tell anyone 4) do not reveal yourself (remain anonymous) 5) keep the exact same inner circle with the exception of financial advisors, banker(s), investments

From 533million to 175 million. Tell me that's not highway robbery?

The US tax rate on jackpot winnings is completely unjustified. Thats between 65-70% tax is should be declared a crime against humanity

The amount of tax lottery winners pay in the US is crazy! In the UK winners pay nothing! The lottery is deemed as gambling in the UK which attracts 0% tax!

The point of investing in a hotel is to make money, if you hit the lottery, you don't need to make anymore money, just put the money in something super safe. Hotels and restaurants are some of the riskiest things to invest in.

Theres one thing I think keeps most people from winning. Most of us have it in our minds we'll never win but fail to realize somebody will eventually and we all have just as much of a chance as anyone else

I see so many people posting here who don't understand how the lottery prize amount works. When the lottery says the jackpot is 1,000,000,000 (1 billion) that is the estimated annuitized dollar amount. Meaning if you take the announced prize amount, you will get 1 billion paid out to you over 30 years. The lottery uses the prize money to purchase an annuity which earns interest over that 30 years. That prize money is therefore less than the announced jackpot. This dollar amount is the lump sum payout that a winner has the option to take instead of the annuity. It is the dollar amount the lottery would have invested for you to buy the annuity. And the difference between the announced prize and the lump sum payout amount is dependent upon prevailing bank interest rates. Right now (7/2023) the lump sum payout is just a bit over 50% of the announced jackpot for both Powerball and Mega Millions. When you are taxed by the US government, you will be taxed at 37% on the amount that is paid to you. Whether it is the annual annuity or the lump sum. If you take the lump sum, you pay that only once. If you take the annuity, you will pay taxes every year for 30 years. If you take the lump sum and invest it, you will pay taxes in subsequent years (capital gains, dividends paid or interest) which are taxed at much lower rates than normal income. This is why most financial advisors will recommend you take the lump sum amount. So using the numbers above, a $1B jackpot taken as a lump sum will hand you a check for $500M less the 20% they withhold up front. so just about $400M goes into your bank account. You will still owe about another $85M when you file taxes for that year. That leaves an after tax net of $315M to do with as you wish. Uncle Sam is NOT taking 70%.

Do you know one thing I cannot get my head around, it's the fact the Government takes so much tax on the winnings. What I mean is people have probably already paid taxes on their salaries which are used to buy lottery tickets. All it seems is a take take culture in The States with the lottery. Seems so unjustified. Here in the UK, the Government doesn't take any tax on the winnings of the lottery or any gambling.

Anonymity for winners should be the rule in all states.

The problem with some of them is that when they win the lottery , they think that means that they'll automatically fit in with the country club set, and it doesn't quite work like that.

I won the powerball jackpot!!! I am so grateful ❤

Dammmmm the IRS is the real winner of the lottery money 🤦🏻‍♂️

The tax is PHUCKIN wild 😂😂😂😂

That’s way too much taxes! Good thing in the U.K., you get ALL the money. NO taxes, and you have a choice of staying anonymous.

Thank god in Australia we don't pay tax on lotto wins.

Lotteries should be 1 million so many families can win! Who needs so much! So sad when there are so many struggling families.

Something tells me im gonna be rich... Maybe I'll win the lotto 🤞

I won $4 and stayed anonymous lol.

Instead of giving 700 million dollars to one person, they should create new lottery where 700 people will get 1 million dollars each

Paid $358 million in taxes? What bs is that ... in canada we dont pay taxes on lottery winnings .

I won the Mega Millions Tonight 😀 I’m so grateful

I wish them all long life health wealth and prosperity.

Mavis cashed hers in fast because the state of Massachusetts originally said the winner was in Cambridge mass but she was the winner. The winner in Cambridge won one million. So she went to lottery headquarters to straighten it out. Then was outed by the state

Who ever the "Power Pack" is they're straight geniuses. Keep THAT money safe 🙏💕

Im rich because God bless me with food and a roof over my head i don't need all that money if God wants me to win one day Im going to help others in need buy me a 2 bedroom house for me and my wife and a drime truck that I always wanted amen

So basically if you win a large amount or any amount really and you take the lump sum automatically you get just over half and then there is 37% Federal tax on the rest plus state tax if you live in certain states

I am winning the lottery 🙏🏽🎉

It must be nice being MrBeast, always helping people, being a blessing to others.less fortunate.

I remember winning $2.00 on a scratch off ticket! I invested it, got a lawyer … then I bought a cup of Starbucks! There went my winnings! 🙁

"Deliberate charitable things". I like the sound of that. Good plan.

I’m winning the $1.25 billion dollar mega million jackpot this coming Friday! I’m helping out animals and the poor with my winnings.

I’d like to win an amount just enough to be considered upper class, perhaps 30 to 50 million.that’s enough for you and your family to live a financially worry-free life if you’ll invest/manage it properly.

I wouldnt show me in the public lol

I can't wait to win tonight's Powerball jackpot 😊

What a huge joke 500+mil and the government gets more than half. 🖕🏼 that.

Move to Canada. Lotto winners here KEEP all the winnings haha.

Some of your math is hysterical! Great editing 😊

nice video.. excellent production and content

Gotta be a crazy night to see that you won $500 million.. you'll only get $175M, but guess what.. I'LL BUY THAT FOR A DOLLAR!!!!

The Taxes in America are ridiculous 🙄 Basically your losing half of your winnings to criminals.

As a lottery is a means to get extra money for councils and governments, it's beyond mean to then tax the winner! However, as the US taxes everyone born there or who is a citizen, even if they've lived abroad for years (and, I believe, are one of only 3 countries in the world to do so) it's not really surprising. Apparently, giving up US citizenship entails a long and aggressive interview with officials. Greedy, I call it.

God you are only you a Master of everything thank you Lord Amen ❤

8:48 the only winner that giggles for hours..being wealthy means having more time to enjoy the things you love together with your loved ones.. that's why many of us wish to win the lottery jackpot! Don't need to work for money, our life is taken care of, what a beautiful life!😊😊✨✨🤞🤞

staying anonymous and set up a LLC to claim the prize is absolutely essential. Well done. And then invest.

If I ever win I will only release my name, which is required by my state, I would never do any interview, then leave the country for a few months after I got my money.

Considering the history of many lotto winners, I wouldn't call the lump sum the sensible decision.

God is soo good

Wow, what a brand new video with a lot of people I never heard about ❤❤❤❤

Thank God we here in Germany don't have to pay Taxes on Lottery Winnings! Yeah, 175Mil from 533Mil is still life-changing Money. But over 300 MILLION just for Taxes?! Hell no! I repeat: I'm sooo glad that we here in Germany don't have to pay Taxes on Lottery Winnings and can expect a large Sum Tax-free on our Bank Account! We only have to pay Taxes if we purchase Things like Properties or other Things with it. From 533 to 175...wow, that's tough. 😒

Yup. File as an LLC if state does not have privacy law like Kansas. No freaking way I'm going to advertise I hit the jackpot. You ain't going to know me or see me anywhere.

The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)

The common error they make, is to show their faces on TV. Now the criminals in the neighborhood or state knows about it. Worse... your family knows now.

that's pretty messed up that even at 2.04B the winner couldn't clear 1B in lump sum...Im sure with even some safe investments they'll do it on their own, but that's still messed up

*I hope everyone still hit the lottery other times*

Oops, some one messed up it says the wa 747m winner didnt take home 4720000… they missed a zero

Ohh my god this is very good channel❤❤

As to the old Florida woman who won, and sued her son, I recall the news story to where a young single mother let the old lady go ahead of her, in line to buy tickets. This was at a grocery store they call Publix. The old lady didn't give a dime to that single mom who was so considerate and let that old lady buy what would have been her winning ticket.

Congratulations for all winners n gl to once who r still waiting.

It is absolutely absurd that you get less than 35% of the actual jackpot with a lumpsum payout.

I can't believe the amount of tax you have to pay in the US. You'd get a better deal playing The Mafia lottery!

God bless you and happy new year

My husband just resent went to get gas. The woman in line actually bought $2000 in power ball and lottery tickets.

out of a 500 million win, you only get to take home $175 million what a gep!

Michigan needs another win I’m hoping that opportunity can happen to me good luck every one GO WOLVERINES

Congratulations to all winners

Thanks for sharing! They take alot of tax don’t they! Anyway i wouldn’t mind just a million bucks haha!💰 If i won hundreds of millions i would definately live in St Moritz.

"reality bending" that is the best way to put it forsure

The taxes are way tooooo high 😥😱😱😱

Too much money usually comes without blessings be content and happy remember life is short everyday millionaires also die money can’t buy you extra life etc. our goal should be good deeds so we enter paradise forever

This is a true but sad story. The winning lottery drawing on July 29, 2022, my dad and I played for that game. After the winning numbers were drawn, he knocked on my door and I thought that this could be it: we're winners. No, he knocked on my bedroom door to tell me he was having a heart attack and needed to go to the hospital -- he passed away 8 days later. I thought that night was going to be a life-changer in a good way, but it was life-changing in the worst way.

The Powerball and Mega Millions jackpot prizes are getting bigger, and bigger, so I believe sharing is the way to go! 🍀

In the US you can document gambling losses and deduct them.

533 mil and 175 mil after tax that’s day light robbery.. and still have to pay more taxes after..

I’d be happy with a million.

I am so glad my state happens to be one of them that allows winners to remain anonymous. Not that I am sure I will ever have to do that. lol

Way to go. You just made $25M sound like a small amount.

I almost won the McDonalds Monopoly game when I was a kid

So $533 million became $175 million after taxes? What kind of crazy tax is that?

At 12:51, you say she won 407 million but the screen says 47 million

Nice.

So,so ,so true.

Yes its My turn to win the big jackpot lottery, My Dream will come true.

this channel is showing me what to do When i win im gonna be the first to when the power ball and mega million 🙏🏾

i would work out a deal where i would pay for every bit of DNA from serious crimes that isnt been tested bcoz of a lack of funds,to be tested, anyone can donate to charity and worry about how much good it real did, but this would save 100s of lives while punishing the very worst while making me feel awesome

I’m winning tonight and I’m claiming it !!! 🎉

The UK doesn’t tax their Lottery Winners like we do ,they let the winners be winners

How do you give the winning ticket to someone else? Inconceivable!!

I could definitely deal with a win!11

How much better would it be if 533 million people got a million rather than one

I am 72 years old, and still waiting to WIN the lottery,or a large scratch off win, maybe a handpay at a casino slot machine.

untrue. The CA lottery checks video of the purchase of winning tickets. the ask the person claiming the ticket about the purchase. They only pay when the confirm this information. So, if you buy a ticket turn, look up, hold you ticket and smile for the camera.

20:43 "Like a lot of Floridians, these two have lived most of their lives in Long Island, New York." HAHAHAHAHAHA! rotfl

13:25 Since the winner was 53 at the time of 2017 win, now she is ~59.