"Unclaimed Mega Millions Jackpot Soars to $792 Million as Another Winning Ticket Sold"

The Mega Millions jackpot has reached $792 million, but the actual amount you'd take home varies by state due to differing tax rates. Winners can choose between a 30-year annuity or an upfront cash lump sum, which is about 48% of the jackpot. After federal withholding tax, winners will likely pay a total of 37% on their winnings, and most states also charge taxes on lottery prizes. Eight states, including California and Texas, don't tax lottery winnings. The lump sum and annuity amounts for each state have been calculated, with lump sum payouts ranging from $198.9 million to $240.6 million.