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Next Mega Millions Drawing
05/07$306,000,000Estimated jackpotWinning numbersMega Millions05/03- 06
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Drawing days Tuesday & Friday at 11pm ET / 8pm PTwww.megamillions.comCash option: A one-time, lump-sum payment that is equal to the cash in the Mega Millions jackpot prize pool. Mega Millions is one of America's two big jackpot games, and the only one with Match 5 prizes up to $5 million (with the optional Megaplier).
Jul 27, 2022 · The cash option on lottery winning payouts is considerably less than the jackpot total because the lottery commission automatically takes about 61 percent of the total.
Mega Millions Jackpot for Fri, May 3, 2024. $284,000,000. $127,600,000. Gross Prize. 30 average annual payments of $9,466,667. Cash: $127,600,000. - 24% federal tax. - $2,272,000.
Jan 18, 2024 · This Mega Millions Payout calculator calculates how much you will get from a lump sum payout or an annuity payout if you win the Mega Millions jackpot lottery. The calculator also creates the Mega Millions payout chart to reveal how the annuity payout stream will work.
2 days ago · Here’s how much taxes you will owe if you win the current Mega Millions jackpot. You can find out tax payments for both annuity and cash lump sum options. To use the calculator, select your filing status and state.
Mar 19, 2024 · 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. The plan also should include a “fall...
Lump-Sum or Cash Option: Payment scheme wherein a one-time payment is immediately awarded to the winner. The total value is approximately 61% of the advertised jackpot. This is also known as the cash option and is the more popular choice among jackpot winners.
