Windfalls

Dozens of executives and editorial staff at the Telegraph newspapers are in line for substantial financial windfalls as part of a new incentive plan put in place to secure a sale of the titles.Sky News has learnt that the…

The Supreme Court unanimously ruled on Thursday that states which seize and sell private property to recoup unpaid taxes violate the Constitution’s takings clause if they retain more than what the taxpayer owed.The case concerned a…

This could be a very good year for one lucky winner of the fourth-largest jackpot in Mega Millions history.And yet, kicking off 2023 with $785 million could have a downside."The curse of the lottery losers is very real," said Andrew…

Anadolu Agency | Anadolu Agency | Getty ImagesOf course, the advertised amount is only what you'd get if you were to choose to take your winnings as an annuity spread over three decades. The lump-sum cash option — which most winners choose…

It's hard to imagine what it would be like to win Powerball's $1.9 billion prize. But the reality almost always falls far short of the fantasy."The curse of the lottery losers is very real," said Andrew Stoltmann, a Chicago-based lawyer who…

Jonathan Alcorn | ReutersIf you manage to beat the odds stacked against hitting the Powerball jackpot, don't forget you'll have a silent partner in the win: the taxman.The jackpot for Saturday night's drawing is now the largest lottery…

The jackpot for Powerball's Monday night drawing is a whopping $1 billion.Sort of, anyway.The advertised number represents the pretax amount you'd get if you were to receive your windfall as an annuity spread over three decades. Yet most…

Will Lester | Medianews Group | Getty ImagesThere's a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million windfall in their lap.That's the advertised jackpot amount for the lottery game's next…

1. BreatheInstead of impulsively rushing to lottery headquarters to claim your prize, take a deep breath. You have some time to claim your prize — anywhere from three months to a year, depending on where you bought the ticket."Take a pause…

Scott Olson | Getty ImagesIf you manage to beat the odds and land the next Mega Millions jackpot, don't forget that Uncle Sam will snatch a slice of the windfall.The top prize has surged to $790 million for Tuesday night's drawing after no…