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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.
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 unidentified winner manually selected the winning numbers and chose the lump-sum cash payout option of approximately $537.5 million before taxes, NJ.com reports. Under New Jersey state law ...
The Mega Millions jackpot has climbed to $1.15 billion ahead of Friday’s drawing, making it the fifth-largest prize in the game’s history.. But how much you would actually take home could be ...
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.
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.
The cash option is a one-time, lump-sum payment equal to all the cash in the jackpot prize pool. At Tuesday's drawing, it's $413.5 million. At Tuesday's drawing, it's $413.5 million.
If you choose to get a lump sum payout for the $1.1 billion, expect $648.2 million in cash, according to the USA Mega website. State Farm states that lump sums are typically 60% of the total value ...