Kansan's big lottery win boosts state revenue
Published on -4/18/2012, 8:17 AM
TOPEKA, Kan. (AP) -- The anonymous Kansas resident who won a share of a $656 million multi-state lottery jackpot last month isn't the only one whose life got a little brighter.
Kansas Public Radio reports (http://bit.ly/HSnkKj ) that a state Senate committee was told Tuesday the win will mean a bump of nearly $8 million in state income tax collections.
Legislative staffer J.G. Scott said the tax the anonymous resident will pay has already been added to the revenue estimate that lawmakers are using in writing a new state budget.
The Kansas resident held one of three winning tickets sold around the country for the March 30 drawing of the Mega Millions game. The individual took a one-time cash payment of nearly $158 million, worth about $110 million after all taxes are paid.