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Winning the lottery comes with important monetary obligations, similar to taxes, which can substantially reduce the whole payout. A putting statistic exhibits that winners can lose up to 50% of their prize in taxes, depending on their location. Understanding these implications is essential for anybody dreaming a couple of huge win. For instance, a winner from New York initially celebrated a jackpot of $100 million, but after taxes and charges, the actual amount received was significantly less. This reality transforms the excitement of successful into a lesson about sensible expectations.