|Posted: April 26, 2005, 11:13 am - IP Logged|
Here is a quote from the Michigan Lottery's Website
If the winner chooses to take the cash option, the prize will be $124.7 million (before taxes). If he or she chooses the annuity payment, they will receive (before taxes) $8 million per year for 26 years. That equates to $666,666 per month, $153,846 per week, $21,917 per day, and $3,846 per hour for a 40 hour work week!
"The jackpot was originally set at $205 million, but large sales of the tickets increased the amount to $208 million"