They should hold onto the lottery ticket and borrow against its value.
this post was submitted on 30 Dec 2024
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I'm sure if I was the lottery winner I'd be salty in this scenario, but you only get half as a lump sum anyway, and having $1 billion taxed at roughly half is probably how it should be.
The thing that makes it painful is as OP said, all billionaires should be getting taxed like this, not just that one who can't exploit tax loopholes.
I can tell you what I would do with $424m, disappear. I'd still do good with most of it but I'm going to leave human society and go join a herd of elephants.