Illinois Player Wins $560M Mega Millions Jackpot

1 min read
Source: Forbes
Illinois Player Wins $560M Mega Millions Jackpot
Photo: Forbes
TL;DR Summary

A single ticket sold in Illinois won the $560 million Mega Millions jackpot, but the winner will take home significantly less after taxes. The lump sum cash prize of $264 million will be reduced to around $166.3 million after federal and state taxes. The odds of winning were 1-in-302.6 million.

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