You also should turn to experienced professionals to help guide you through the claiming process and the many facets to protecting your windfall. Your team should include an attorney, financial advisor, tax advisor and insurance professional.
Either way, the money would face a 24% federal tax withholding before it reaches you. For this jackpot, taking the cash would mean about $107.6 million getting shaved off the top, leaving you with a cool $340.8 million. Depending where you won the jackpot, there also may be state taxes withheld. It's also worth giving some thought to how your life is going to change — not just from a financial aspect.
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