So what does that all work out to after taxes?
Old Cap'n Sweater is the Accountant, but judging by my accounting days... A **** load of $.
He'll eat a lot from Uncle Sam unless he finds a way to finegal it like through charitable donation or gift-giving. I'm not sure how winnings in a game, gameshow, etc. are handled by the government. If they will just count it as income or what. He may be able to make some of it back though depending on how he disperses it and then claims it at the end of the year.
At first though, it's gonna take a huge bite out of him.