3 Payment options and claiming prizes 6 Drawings 7 Record jackpots (listed by annuity value) 8 Revenue 9 Miscellany 10 References 11 External links The 2010 expansion of Mega Millions and...
The Mega Millions jackpot is up to $1.55 billion. Here's how to decide between the lump sum or annuity payout option.
Mega Millions payout calculator helps you compare the payout for a lump-sum or cash claim to an annuity payment schedule if you win a Mega Millions jackpot.
Match · Prize* · Odds · Jackpot · 1 in 302,575,350 · 1,000,000 · 1 in 12,607,306 · 10,000 · 1 in 931,001 · 500 · 1 in 38,792 · 200 · 1 in 14,547 · 10 · 1 in 606 · 10 · 1 in 693 · 4 · 1 in 89 · 2 · 1 in 37 · Overall chances of winning any prize: 1 in 24
If you win a Mega Millions® jackpot, you will choose how to be paid: Cash Option or Annual Payout. Prize claim parameters vary from state to state. Contact your Mega Millions lottery for detailed information. Annuity option: The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one. This helps protect winners’ lifestyle and purchasing power in periods of inflation. For a typical jackpot of $100 million, the initial payment would be about $1.5 million, and fu ...
Only winners who take the annuity option receive the full jackpot total. The estimated lump... the payout for non-jackpot prizes. The next Mega Millions drawing will have a jackpot of an...
What is Mega Millions? ; Where can I get results for Mega Millions? ; Do the numbers on my ticket have to be in the same order as the numbers are drawn? ; How was Mega Millions created?
Arizona: 2.5% state tax ; Arkansas: 3.9% state tax ; Colorado: 4% state tax withheld ; Add'l state taxes due (4.4% final rate) ; Connecticut: 6.99% state tax ; Delaware: 0% state tax withheld ; Add'l state taxes due (6.6% final rate) ; Georgia: 5.49% state tax ; Idaho: 5.695% state tax ; Illinois: 4.95% state tax
The largest Mega Millions payout ever won so far happened in October 2018 to a South Carolina... Hitting the jackpot would give someone a series of annuity payments for across 30 years, or...
the annuity payments and investment of much smaller sums. MEGA MILLIONS JACKPOT SURGES ABOVE $1B, BUT STILL NOT THE BIGGEST IN U.S. HISTORY But he believes most people would be better off...