Note that most of that difference is due to picking the lump sum, not due to taxes.
If the winner picks the lump sum, that $2.04 billion drops to $997.6 million.
Also I’m not sure where the $424M number is from. The federal tax rate is 37% (bringing the sum down to $628M) and California (where the winner is) doesn’t tax these winnings.
Note that most of that difference is due to picking the lump sum, not due to taxes.
Also I’m not sure where the $424M number is from. The federal tax rate is 37% (bringing the sum down to $628M) and California (where the winner is) doesn’t tax these winnings.
Source.