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Newnan jackpot winner options and taxes

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Friday’s drawing produced winning numbers 1, 8, 11, 12, 57 and gold Mega Ball 7, with tickets purchased at a Publix in Newnan. The jackpot, which had grown since a $348 million Virginia win in June, stands at $980 million. The winner can opt for 30 annual payments or a $452.2 million cash lump sum. After a 24% federal withholding, the cash take would drop to about $343.7 million, and could fall near $284.9 million at a 37% federal rate. Georgia’s 5.19% state income tax would add just under $23.5 million owed on the lump sum.

Prepared by Christopher Adams and reviewed by editorial team.

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