"Mega Millions Winners Hit with Massive Tax Bills and Unclaimed Prizes"
TL;DR Summary
The $1.13 billion Mega Millions winner in New Jersey is facing a substantial tax bill, with the cash option of $536.6 million being reduced by 24% for federal taxes and 8% for state taxes, leaving the winner with about $364,888,000 after taxes. Choosing the annuity option would spread the payments over 30 years, potentially resulting in a higher total amount. The winning ticket was sold at ShopRite Liquors in Neptune Township, marking the first Mega Millions jackpot won in New Jersey since 2020.
- Mega Millions $1.13 billion winner is facing mega tax bill. The amount is staggering. NJ.com
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- There's a new millionaire in Colorado after Mega Millions drawing 9News.com KUSA
- Who won Mega Millions in New Jersey? We may never know TODAY
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