"Mega Millions Jackpot Soars to $820 Million: Find Out How Much the Winner Takes Home After Taxes"
TL;DR Summary
The Mega Millions jackpot currently stands at $820 million, and the winner can choose between a lump sum cash option of over $265 million or annual payments totaling over $517 million over 30 years. About 37% of the prize money will be taken out due to taxes, with federal taxes being withheld at a minimum of 24%. While there are no state or local tax withholdings in California, winners may still have other tax obligations.
- The Mega Millions jackpot is now $820 million: Here’s how much the winner will get after taxes KTLA Los Angeles
- Mega Millions tickets worth $1M were sold at 2 N.J. supermarkets NJ.com
- Here’s where every Mega Millions jackpot-winning ticket was sold in Florida WFLA
- Mega Millions reaches $820M: What to know ahead of July 25 drawing USA TODAY
- Winning Mega Millions numbers for July 25, 2023 Courier Journal
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