If I win today's R225 Million Powerball jackpot, do I get to take the whole money or the taxman takes some of it?

If you win a $225 million lotto jackpot you get the choice between a lump sum payment (one check right now), or an annuity that spreads the money out over the next 20 years.

If you choose the lump sum, they use a fancy financial formula to calculate how much they have to give you, and it usually works out to about HALF of the jackpot amount, so your one time payment would be about $110 million.

The federal government would take 35% of that in taxes, and your state would probably take between 5% and 10%, so you'd have about $60 million in your account when its all said & done.

In what world would you ever get it all?