Why the winner of the $ Mega Millions jackpot would take home
Why the winner of the $ Mega Millions jackpot would take home
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Lottery retailer if the value of your winning ticket is $500 or less Cash option: Winners may choose the cash option, which is a one-time, lump-sum payment
Typically less than the advertised jackpot due to immediate taxes Potentially receive the full advertised jackpot, as payments are spread out and may be taxed You pay tax on your winnings whenever you receive them, either the lump sum or if it's over a period of time, with each payment you receive Lots More
wild chase slot machine If a lucky Mega Millions winner opts for the lump sum route their cash option would drop to roughly $172 million after a mandatory 24% federal Typically less than the advertised jackpot due to immediate taxes Potentially receive the full advertised jackpot, as payments are spread out and may be taxed
