If you take the cash option and pay roughly 40 percent on that amount in taxes, you'll take home a little more than $448,000,000. This will produce a sustainable income cash flow of almost $18 million per year. So you can spend about $49,000 a day, 365 days a year, without drawing down any of the winnings.
I would give about 1/3 of it to family, a scholarship fund, and some other charitable stuff. Subtracting that out, that would leave me with an income of about $1 million per month. And yes, I mean month.
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