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Mega Millions jackpot: What would $155 million buy?

By Mike Morris
March 23, 2011

What would you do with $155 million, the cash option payout that was up for grabs in Tuesday night's $244 million Mega Millions drawing? What could a person do with that kind of cold, hard cash?

Well, you could buy the Atlanta Thrashers hockey team, which Forbes estimates is worth $134 million.

Or, you could buy Arthur Blank's Buckhead mansion, currently on the market for $4.9 million, and still have a cool $150 million left.

Or, what about the new Porsche 918 Spyder hybrid, the company's most-expensive vehicle ever? You could buy 184 of the $845,000 cars, with a little change left over.

If flying high is more your style, you could buy a $58 million Gulfstream G650, the Savannah plane-builder's largest and fastest business jet, and have nearly $100 million in the bank to keep the 18-passenger bird fueled -- and even hire a pilot.

But whatever you do with your winnings if you wake up Wednesday holding the only ticket matching all six numbers -- 1, 14, 35, 50, 53, Mega Ball 43 -- make sure you hold back enough for Uncle Sam. The $244 million figure for an annuity that would pay out $9.3 million a year for 26 years and the $155 million cash option amount are both before taxes -- and the feds withhold 25 percent right off the bat, with the total tax liability being at least 35 percent.

The top prize in the multi-state game has been growing twice a week since Feb. 1, when players in Indiana and Michigan split a $45 million jackpot.

Oh, and if you don't win Tuesday night, the jackpot for Wednesday's Powerball drawing is $101 million.

You can watch Wednesdays' drawing on WSB-TV Channel 2 just before the Channel 2 Action News Nightbeat at 11.

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Mike Morris

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