Mega Millions Jackpot Climbs to $670M with No Winner Yet

1 min read
Source: Forbes
Mega Millions Jackpot Climbs to $670M with No Winner Yet
Photo: Forbes
TL;DR Summary

The Mega Millions jackpot has reached $670 million, making it the fifth largest lottery prize this year. The winner can choose between a $670 million annuity or a $317.8 million lump sum, which reduces to $241.5 million after a 24% federal tax withholding. Further taxes could lower the lump sum to $200.2 million, depending on the winner's taxable income and state taxes. The odds of winning are 1-in-302.6 million, with the next draw scheduled for Friday the 13th.

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