Mega Millions Jackpot Soars Over $600M: Winning Numbers Revealed

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Source: Forbes
Mega Millions Jackpot Soars Over $600M: Winning Numbers Revealed
Photo: Forbes
TL;DR Summary

The Mega Millions jackpot has reached an estimated $619 million, making it the 10th-largest in the lottery's history. A winner can choose between a 30-year annuity or a $297.7 million lump sum, which would be reduced to $226.2 million after a 24% federal tax withholding. Depending on the winner's taxable income, the amount could further decrease to $187.5 million with a 37% federal tax rate. State taxes may also apply, varying from 2.5% to 10.9%, except in states like California and Texas, which do not tax lottery winnings.

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