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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.
With an approximately $514 million prize, the cash payout would be about $241 million, according to Today. The winner can expect to lose about $90 million to federal taxes, then more if their ...
State and federal taxes can take out a big chunk of a lottery jackpot win. Longing for the $1.1B Mega Millions jackpot? What taxes would cost a Pennsylvania winner
Everything to know in Massachusetts about Mega Millions — from rules, to odds to how much income tax would be due. What is Massachusetts income tax on $910 million? Plus, other Mega Millions ...
According to Lottery Post, the winnings before taxes for Tuesday nights drawings are estimated at $1.13 billion over 29 years or $525.8 million in cash all at once.
This means you’ll pay $155.5 million for the 24% right off the bat and $84.2 million when filings are due, according to the USA Mega website. This makes your cash payout $408,403,045.
The Mega Millions website notes a lump-sum amount of $461 million for the $977 million jackpot drawing. Plus, don’t forget to account for the major tax hit, including up to 37% in federal income ...
Did you know Mega Millions has the highest second prize of all the lottery games in America? You could win a whopping $5 million. How can you do it? The Mega Millions Megaplier.