"Calculating Tax Implications of $607M Mega Millions Jackpot Win"

The Mega Millions jackpot has reached $607 million, but winners will lose a significant portion to taxes, with roughly 37% withheld for federal taxes and additional state taxes. Depending on the state, winners could receive as little as $149.5 million from the cash lump sum. An interactive map shows the estimated post-tax cash prize payout for winners in each state. Experts advise winners to assemble a team of professionals and protect their ticket, as well as keeping their victory a secret for as long as possible.