Mega Millions winnings after taxes: How much the winner could actually take home in Texas

France Nouvelles Nouvelles

Mega Millions winnings after taxes: How much the winner could actually take home in Texas
France Dernières Nouvelles,France Actualités
  • 📰 FOX4
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Tuesday night's Mega Millions jackpot has increased to an estimated $1.05 billion dollars.

If you beat the odds and match all six numbers you will take home much less than a billion dollars .

Winners can choose to have their prize money paid out in 30 payments over 29 years, or in a lump sum.A lucky North Texan won big in the Mega Millions drawing last week. If there is a single winner of the $1.05 billion jackpot, those who pick the cash option will receive an estimated $527.9 million. Then there are the taxes. The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $400,520,000 for a winner choosing the lump sum. Texas is one of 10 states that does not tax lottery winnings at the state level.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

FOX4 /  🏆 289. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mega Millions Jackpot Cracks $1 Billion Total Ahead of Tuesday DrawingMega Millions Jackpot Cracks $1 Billion Total Ahead of Tuesday DrawingThe estimated top prize of $1.05 billion for the upcoming drawing on Tuesday will be the fourth-largest in the game’s history.
Lire la suite »

A massive $1.05 billion Mega Millions jackpot is up for grabs in Tuesday's drawing | CNNA massive $1.05 billion Mega Millions jackpot is up for grabs in Tuesday's drawing | CNNOne lucky winner could nab a massive $1.05 billion Mega Millions jackpot that’s up for grabs in Tuesday night’s drawing.
Lire la suite »

A massive $1.05 billion Mega Millions jackpot is up for grabs in Tuesday’s drawingA massive $1.05 billion Mega Millions jackpot is up for grabs in Tuesday’s drawing4 tickets sold in Arizona, California, New York and Pennsylvania matched the first 5 numbers to win $1 million.
Lire la suite »

Mega Millions jackpot tops $1 billion; Sunday’s Ohio Lottery resultsMega Millions jackpot tops $1 billion; Sunday’s Ohio Lottery resultsThe Mega Millions jackpot is $1.05 billion for the drawing on Tuesday, Aug. 1, 2023.
Lire la suite »

Mega Millions jackpot climbs to $1.05 billion after another drawing without a big winnerMega Millions jackpot climbs to $1.05 billion after another drawing without a big winnerThe Mega Millions jackpot climbed to an estimated $1.05 billion after no one took home the $940 million top prize.
Lire la suite »



Render Time: 2025-03-03 22:02:46