{"id":134539,"date":"2024-12-08T01:09:02","date_gmt":"2024-12-07T18:09:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=134539"},"modified":"2024-12-08T01:09:02","modified_gmt":"2024-12-07T18:09:02","slug":"mega-millions-jackpot-tops-600-million","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=134539","title":{"rendered":"Mega Millions Jackpot Tops $600 Million"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<h2 class=\"topline-heading\">Topline<\/h2>\n<p>The Mega Millions jackpot climbed to an estimated $619 million, the 10th-largest in its history after no winning tickets were drawn Friday night, while a lucky winner\u2014facing one-in-302-million odds\u2014could take home less than one-third of that amount after paying required taxes.<\/p>\n<figure class=\"embed-base image-embed embed-4\" role=\"presentation\"><figcaption><fbs-accordion><\/p>\n<p class=\"color-body light-text\">The prize is the 10th-largest in the lottery\u2019s history.<\/p>\n<p><\/fbs-accordion><small>Getty Images<\/small><\/figcaption><\/figure>\n<h2>Key Facts<\/h2>\n<div class=\"key-facts\">\n<div class=\"key-facts-element\">\n<p>A ticket holder that matches all five white balls and one \u201cmegaball\u201d for the jackpot can choose between a payout over 30 annual installments or a one-time lump sum of $297.7 million.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>That payout would be reduced to $226.2 million after a mandatory 24% federal tax withholding, but a federal marginal rate as high as 37%\u2014depending on the winner\u2019s taxable income and other tax deductions\u2014could cut the winnings down to $187.5 million.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Annual installments would pay an average of $12.9 million with a 37% federal rate.<\/p>\n<\/p><\/div>\n<div class=\"key-facts-element\">\n<p>Lottery winnings are also subject to taxes in some states, with rates as high as 10.9% in New York ($32.4 million) and as low as 2.5% in Arizona ($7.4 million), though other states like California or Texas don\u2019t tax winnings.<\/p>\n<\/p><\/div>\n<\/div>\n<p><strong><em>Get Forbes Breaking News Text Alerts: <\/em><\/strong><em>We\u2019re launching text message alerts so you&#8217;ll always know the biggest stories shaping the day\u2019s headlines. Text \u201cAlerts\u201d to (201) 335-0739 or sign up <\/em><a href=\"https:\/\/joinsubtext.com\/forbes\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/joinsubtext.com\/forbes\" data-ga-track=\"ExternalLink:https:\/\/joinsubtext.com\/forbes\" aria-label=\"here\"><em data-ga-track=\"ExternalLink:https:\/\/joinsubtext.com\/forbes\">here<\/em><\/a><em>.<\/em><\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">What To Watch For<\/h2>\n<p>The next drawing for the Mega Millions jackpot is on Tuesday night. Powerball will hold its next drawing Saturday night for a $260 million jackpot. That grand prize includes a $125.5 million lump sum option, which would be reduced to $95.3 million after a 24% mandatory tax withholding or to $79 million with a federal marginal rate as high as 37%.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Surprising Fact<\/h2>\n<p>The jackpot is the 10th-largest in Mega Millions history. The fifth- ($1.1 billion) and seventh-largest ($810 million) were drawn this year in March and September, respectively.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Big Number<\/h2>\n<p>1 million. That\u2019s how many non-jackpot-winning tickets were drawn Friday night, including four that won $20,000 prizes. Across the 25 drawings for the current jackpot, more than 15.3 million tickets have been sold and 38 have won $1 million prizes.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"\/><\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Key Background<\/h2>\n<p>A Mega Millions ticketholder from Texas won a $800 million jackpot, the second-largest prize won this year after a ticketholder in New Jersey won $1.1 billion in March. Mega Millions <a href=\"https:\/\/www.megamillions.com\/News\/2024\/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx\" rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"color-link\" title=\"https:\/\/www.megamillions.com\/News\/2024\/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx\" data-ga-track=\"ExternalLink:https:\/\/www.megamillions.com\/News\/2024\/Mega-Millions-To-Get-MEGA-Enhancements-in-April-20.aspx\" aria-label=\"announced\">announced<\/a> in October it would update its lottery to provide players with \u201cbigger jackpots, better odds\u201d and new rewards. The new changes include removing one of the \u201cmegaballs\u201d from the drawn, improving odds from one-in-25 to one-in-24, starting with a larger jackpot, implementing a \u201crandomized\u201d multiplier for non-jackpot prizes and no break-even prizes, meaning if a player matches a \u201cmegaball\u201d they would win at least $10.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Further Reading<\/h2>\n<p><a class=\"embed-base color-body color-body-border link-embed embed-1 link-embed--long-title\" href=\"https:\/\/www.forbes.com\/sites\/siladityaray\/2024\/09\/11\/mega-millions-ticket-sold-in-texas-wins-800-million-jackpot-heres-how-much-they-will-take-home-after-taxes\/\" target=\"_blank\" aria-label=\"Mega Millions Ticketholder In Texas Wins $800 Million Jackpot\u2014Here\u2019s How Much They Will Take Home After Taxes\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/siladityaray\/2024\/09\/11\/mega-millions-ticket-sold-in-texas-wins-800-million-jackpot-heres-how-much-they-will-take-home-after-taxes\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">Mega Millions Ticketholder In Texas Wins $800 Million Jackpot\u2014Here\u2019s How Much They Will Take Home After Taxes<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Siladitya Ray<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/66e1449a37056972d77575c1\/960x0.jpg?cropX1=0&amp;cropX2=3000&amp;cropY1=155&amp;cropY2=1842);\"\/><\/span><\/a><br \/>\n<a class=\"embed-base color-body color-body-border link-embed embed-3 link-embed--long-title\" href=\"https:\/\/www.forbes.com\/sites\/siladityaray\/2024\/03\/27\/new-jersey-ticket-holder-wins-113-billion-mega-millions-jackpot-heres-what-they-will-take-home-after-taxes\/\" target=\"_blank\" aria-label=\"Billion-Dollar Mega Millions Jackpot Claimed In New Jersey\u2014Here\u2019s What The Winner Will Take Home After Taxes\" rel=\"noopener noreferrer\" data-ga-track=\"forbesEmbedly:https:\/\/www.forbes.com\/sites\/siladityaray\/2024\/03\/27\/new-jersey-ticket-holder-wins-113-billion-mega-millions-jackpot-heres-what-they-will-take-home-after-taxes\/\"><span class=\"link-embed__info\"><span class=\"link-embed__provider\">Forbes<\/span><span class=\"link-embed__title\">Billion-Dollar Mega Millions Jackpot Claimed In New Jersey\u2014Here\u2019s What The Winner Will Take Home After Taxes<\/span><small class=\"link-embed__byline\">By <span class=\"link-embed__author\">Siladitya Ray<\/span><\/small><\/span><span class=\"link-embed__thumbnail-wrapper\"><span class=\"link-embed__thumbnail allow-inline-style\" style=\"background-image: url(https:\/\/specials-images.forbesimg.com\/imageserve\/6603c5cfe4611a1297018c99\/960x0.jpg?cropX1=0&amp;cropX2=3000&amp;cropY1=151&amp;cropY2=1839);\"\/><\/span><\/a>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.forbes.com\/sites\/tylerroush\/2024\/12\/07\/mega-millions-jackpot-eclipses-600-million-heres-how-much-the-winner-could-take-home-after-taxes\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Topline The Mega Millions jackpot climbed to an estimated $619 million, the 10th-largest in its history after no winning tickets were drawn Friday night, while a lucky winner\u2014facing one-in-302-million odds\u2014could &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=134539\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-134539","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134539"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/134539\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}