Whoever won it is most probably making plans for after the pandemic, with enough money to make their family financially independent. $1.05 Billion – The second-largest Mega Millions jackpot went to a player from Michigan thanks to the draw on January 22, 2021.The draw occurred on October 23, 2018, and it was the first jackpot ever won in South Carolina for a Mega Millions draw. More precisely, at the KC Mart in Simpsonville. $1.537 Billion – The record Mega Millions winning ticket of almost $1.6 billion was purchased in South Carolina.Regardless, many lottery winners’ stories mention the cash out option, even though the Mega Millions payout after taxes is incredibly lower. Therefore, your choice of the Mega Millions payout options can have an enormous impact on how much money you will receive. (**) Remaining revenue taxes that are not specific to lotteries. Check out the taxes on our lottery tax calculator. (*) Valid for Iowa, Kansas, Kentucky, Maine, Massachusetts, and Mississippi. Let us understand the Mega Millions payout structure for a $20 million jackpot, taking a drawing on April 22, 2022, as an example : When you opt for the cash option, your prize is deducted at around 40%. Therefore, the prize that is announced can be cut in half – which is still a pretty big amount considering the high jackpot in this game.
When you see the announced jackpot, keep in mind that the Mega Millions payout structure considers your payout options and local taxes. How Much Is the Mega Millions Payout After Taxes? While each state has a maximum number of Mega Million draws a player can participate in advance, remember our recommended lottery websites offer subscriptions. Purchasing tickets in advance can allow players to be ready for the next draws without risking forgetting about them. Mega Millions Ticket Cost – How Much is a Mega Millions Ticket? Save your scanned tickets and return to our page, which you will most probably bookmark, to check the Mega Millions results.Register an account in less than two minutes, check if there are any bonuses that could be worth using, and proceed to checkout.Complete as many Mega Millions tickets as you wish and add them to your cart.Access our page with the recommended lottery websites and choose one of the brands according to their features and discounts.The winner from Illinois was followed by a second jackpot winner the week after. The first Mega Millions draw on May 17, 2002, resulted in a jackpot win of $28 million.Mega Millions was first named Big Game, then The Big Game Mega Millions.The majority of people who checked their Mega Millions results and discovered they were winners come from New York and California.Virgin Islands play in the Mega Millions lottery. In total, 45 states, the District of Columbia, and the U.S.The Megaplier option is not available in California.$1.537 billion is the largest jackpot ever paid by Mega Millions.
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