Ad
related to: mega lotto cash payout amounts
Search results
Results from the WOW.Com Content Network
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.
Jackpots and jackpot shares listed below are annuity amounts (and the cash value). The annuities for both the Mega Millions and the Powerball are paid out in 30 annual installments, increasing 5 percent yearly. [2] [3]
The Mega Millions jackpot has reached an estimated $514 million, with the next drawing coming up at 11 p.m. ET on Nov. 29, the day after Thanksgiving. The cash payout is $241 million.
Cash option: Federal income taxes are due as soon as you receive the cash payout. You might also move into a higher income tax bracket for the year, which could triple your tax rate.
The initial estimate for that drawing (following the March 27 drawing, which was $363 million annuity) was $476 million (later increased to $500 million and again to $540 million), brisk ticket sales pushed the jackpot values, both annuitized (to $656 million) and the cash option ($474 million) higher. The amount spent on Mega Millions for ...
The cash payout option is estimated at $783.3m, the lottery said, adding that “at this level, jackpots are hard to predict with complete accuracy.” Mega Millions only lottery to have awarded ...
This makes your cash payout $408,403,045. Depending on the state you’re in, you may get more taxes on top of that. Luckily in California, there is no state tax on lottery prizes.
Nearly all grand prize winners opt to take a cash payout, which for Friday night’s drawing is an estimated $549.7 million. Despite the game’s long odds of 1 in 302.6 million, players continued to purchase tickets as the size of the grand prize grew. Until Friday, the last time a Mega Millions player hit the top prize was Sept. 10.
Ad
related to: mega lotto cash payout amounts