Yet because the top marginal income tax rate of 37% applies to income above $578,125 for individual tax filers and $693,750 for married couples, you could count on owing more to the IRS at tax time. That amount would be reduced by a mandatory 24% federal withholding, or $169.9 million, which would lower your winnings to $538 million. Most winners, however, choose the lump sum cash option, which for this jackpot is $707.9 million. ![]() ![]() Choose to go online or find a lottery retailer, pick 5 numbers from 1 to 70 and 1 Mega Ball number from 1 to 25 or use Quick Pick to make a random selection, add Megaplier to multiply your non-jackpot winnings. Learn how to play Mega Millions, its prizes and odds of winning. Of course, the advertised amount is always what you'd get (pretax) if you were to claim your windfall as an annuity spread over three decades and taxed each year as you receive the income. We have a winner: Ticket bought in Illinois wins 1.337-billion Mega Millions jackpot. Check previous Mega Millions results to find out if you have won. More from Personal Finance: Americans lean more on credit cards as expenses stay high 3 money moves you should make at the start of the year Where to keep your cash amid inflation, rising interest rates 14 when the jackpot was reset to $20 million after two tickets sold in Florida and California split a $502 million grand prize. With the odds stacked against a single ticket winning the motherlode - 1 in 302.6 million - the amount has been growing since Oct. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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