No grand prize winner in Tuesday's Mega Millions drawing, the jackpot rolls to $910M. Annuity vs. cash, what would you have in Texas after taxes?
in the game's history. So what would you win if you actually won?
If the player took the annuity, they would receive 30 payments over 29 years with the disbursement increasing at a rate of 5% per year. With a $910 million prize, the first payment would be about $13.7 million, of which approximately $3.3 million would go toward taxes -- leaving them with a net of about $10.4 million. Because Mega Millions annuity payments increase every year, the final payment would be about $56 million with about $13.
The Texas Lottery said if you have a jackpot-winning ticket, sign it and put it in a safe place. They advise winners then seek financial and legal advice and call the Texas Lottery to schedule an appointment to claim the prize.
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