"Nearly $1 Billion Mega Millions Jackpot: Tax-Free States and Betting Tips"
TL;DR
The Mega Millions jackpot has reached nearly $1 billion, but the amount you take home could vary significantly based on state taxes, with eight states not taxing lottery winnings at all. Federal taxes on winnings are 24% upfront, but could reach 37% after filing. Where you buy the ticket also matters, as out-of-state purchases could trigger additional taxes. Winners should consider consulting a tax professional to navigate the implications and make informed decisions.
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- Friday Mega Millions drawing: Is it a good bet? What to know. USA TODAY
- Mega Millions lottery jackpot at nearly $1 billion after months without winner NBC News
- Friday's Mega Millions jackpot soars to nearly $1 billion. Here's what to know NPR
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