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Mega Millions Payout Calculator Omni Mega Millions drawings are every Tuesday and Friday at 11 p.m. ET. Tickets are sold in 45 states, plus the District of Columbia and the U.S. Virgin Islands.
If there is a winner, Mega Millions jackpot would be the fifth-largest jackpot in Mega Millions history, making the take-home prize a lump-sum payment of an estimated $516.1 million after taxes.
The one-time cash payment for the $1.28 billion winner is estimated at approximately $433,786,645, according to USA Mega. That’s the take-home amount after paying the federal tax rate of 24% ...
The lump sum cash value of this week’s jackpot is $625.3 million, according to Mega Millions. After the federal government takes out 24% up front, the winner will have around $475.2 million.
If you went with the cash option — most winners do — the IRS would withhold tens of millions of dollars before the windfall reaches you. Here's the tax bill on $444 million Mega Millions ...
The amount spent on Mega Millions for drawings following its previous jackpot win, on January 24, 2012, was at least $1.5 billion. [25] three jackpot-winning tickets had been confirmed (Illinois, Kansas, and Maryland). [26] Mega Millions' eighth-largest jackpot, $648 million (second-largest won), was for the December 17, 2013, drawing.
Heading into Friday's drawing, the jackpot was worth $862 million, with an estimated $392.1 million lump-sum payment after taxes, ... Mega Millions winning numbers: For Friday, ...
Winners: Biggest lottery wins in NJ history after the $1.13 billion Mega Millions jackpot Federal income tax As previously mentioned, you have to pay federal income tax on lottery winnings.