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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.
For example, a single filer taking home Tuesday's lump sum of $525.8 million would be pushed into the second highest tax bracket for 2023 and 2024 subjecting the prize to a minimum 35% tax rate ...
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.
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% ...
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 ...
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, ...
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
For the $1.1 billion jackpot, you’d get 30 average annual payments of $36.6 million. But after federal taxes — amounting to more than $13 million — the net total per year would be around $23 ...