After federal taxes are withheld, including a 24% mandatory federal tax withholding and a federal marginal rate up to 37%, a winning ticket holder’s lump sum would be whittled to $292.4 million, before state taxes are withheld. ![]() If a ticket holder matches the five white balls and red Mega Millions ball to win the grand prize, that winner has the option of taking an up-front lump sum or 30 annual payments. The Mega Millions sneakily crept to a $910 million jackpot this week in the shadow of a massive $1.08 billion Powerball jackpot drawn earlier this month. August 23, 2017The Powerball hit a $758.7 million jackpot, won by Mavis Wanczyk on a ticket purchased in Chicopee, Massachusetts.
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