"Mega Millions Jackpot Reaches $735 Million with No Winner in Latest Drawing"

The Mega Millions jackpot has reached $735 million, making it the sixth-largest in its history, with the potential winner facing one-in-302-million odds. After taxes, choosing the lump sum option would result in a take-home prize of around $224.7 million, while annual installments would pay an average of $15.4 million per year with a 37% federal marginal rate. The next drawing is on Tuesday, and the Powerball jackpot is also substantial, with a lump sum option of $193.6 million after taxes.