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The Mega Millions jackpot winner could either take the cash payout of $549.7 million or the $1.22 billion annuity ... People wait in line to purchase their Mega Millions lottery ticket on Dec. 27 ...
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.
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.
The Spanish Christmas Lottery is considered to be the world's largest lottery. [85] The 2011 top prize of €720 million [ citation needed ] was paid out as €4 million [ 86 ] (US$5.2 million) to each of the 180 tickets.
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.
Mega Millions (originally known as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multijurisdictional lottery game. The first drawing took place on September 6, 1996, with six participating states, Georgia, Illinois, Maryland, Michigan, Massachusetts, and Virginia.
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.
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