Mega Millions Jackpot Swells to $607 Million, 8th Largest in Game History
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The Mega Millions jackpot has reached $607 million after no winner on Tuesday, making it the 8th largest prize in the game's history.
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The lump sum payout would be $286.9 million pre-tax, but after federal taxes would likely be reduced to around $180.7 million.
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Annual installment payments spread over 30 years would average around $12.7 million per year after federal taxes.
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State taxes can further reduce winnings, from 2.5% in Arizona up to 10.9% in New York. Some states like California and Texas don't tax lottery winnings.
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There have been over 15 million winning tickets for non-jackpot prizes since the last jackpot was won in December.