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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.
According to Lottery Post, the winnings before taxes for Tuesday nights drawings are estimated at $1.13 billion over 29 years or $525.8 million in cash all at once.
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
If there is a winner, Mega Millions jackpot would be the fifth-largest jackpot in Mega Millions history, making the take-home prize a lump-sum payment of an estimated $516.1 million after taxes.
State taxes on lottery winnings in the U.S. generally range from 3% to 6%, with New York imposing the highest rate at 10.9%. However, eight states don’t tax lottery winnings at all: California
The Mega Millions Powerball jackpot lived to fight another day, as nobody won the jackpot during Wednesday night's drawing. The next drawing -- scheduled for Friday, Jan. 13 -- will push the grand...
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 ...
For example, if you had a $1 million winning ticket, and the Megaplier was 5, you would win $5 million. When are the drawings for Mega Millions? Mega Millions drawings occur on Tuesdays and ...