What Happens When You Win The Lottery?

Subscribe! http://bitly.com/1iLOHml The chances of winning the lottery are one in 175 million. So how does the lottery work and what should you do if you win? Learn More: Lottery Funds At Work http://bit.ly/19keGTP "Recognized as one of the fastest growing lotteries in the United States, the California Lottery saw its sales rise by 13% in Fiscal Year 2013-14." Think you have shot at $425 million Mega Millions pot? Then beware asteroids http://cnn.it/18KORLu "It used to be a long shot, but now ... is there a word for insanely more unlikely than a long shot?" How Much Tax Will You Owe On A $500 Million Powerball Jackpot? A Lot More Than In 2012 http://onforb.es/19keGTQ "The good news: You are about to win a $500 million Powerball Jackpot. The bad news: You'll owe millions more in tax than you would have had you won the same pot in 2012." The Morning After: Tax Planning for Lottery Winners http://bit.ly/18KORLv "In a past issue of the Journal of Taxation, Farhad Aghdami wrote an article titled, 'The Morning After: Tax Planning for Lottery Winners.'" Watch More: The Downfall Of America's Greatest Treasure Hunter http://bit.ly/19keGTT Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube's new daily show is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://bit.ly/1vvKGc5 Subscribe now! http://bit.ly/1vvKGc6 TestTube on Twitter http://bit.ly/1vMmd84 Trace Dominguez on Twitter http://bit.ly/1vMmbgu TestTube on Facebook http://on.fb.me/1vMmd85 TestTube on Google+ http://bit.ly/1vvKEkt Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Evan Puschak for hosting TestTube! Check Evan out on Twitter: http://bit.ly/1zBtEKo