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If there are no reductions to the winner's taxable income — such as large charitable contributions — another 13%, or $41.2 million, would be due to the IRS at tax time (which would be April 2021 for jackpots claimed in 2020).In other words, that $316.8 million cash option would be reduced by $91.2 million, leaving the winner with $225.6 million headed for their bank account.Someone in Arizona is hitting Hump Day a whole lot richer.Whether the jackpot is claimed as an annuity or lump sum, federal and state taxes will be withheld, and more will likely be due at tax time. BAYONNE, New Jersey (WABC) -- A winning ticket to Friday's $124 million Mega Millions jackpot was sold in New Jersey. Mega Millions (which began as The Big Game in 1996 and renamed, temporarily, to The Big Game Mega Millions six years later) is an American multi-jurisdictional lottery game; as of January 30, 2020, it is offered in 45 states, the District of Columbia, and the U.S. Virgin Islands.The first (The Big Game) Mega Millions drawing was in 2002; see below. The number 48 is the most drawn number; it has been drawn over 80 times since 2005. - Nba Lottery Odds For Top 3 Pick The minimum jackpot in Mega Millions is $15 million. There were no Mega Millions jackpot or 2nd prize winners in Texas for drawing on 07/28/2020. How To Increase Your Odds Of Winning The Lotto By More Than 1000%. (A similar action was taken by Powerball officials. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.However, additional taxes could be due to Uncle Sam.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.A single Mega Millions ticket sold in the Grand Canyon State matched all six numbers in Tuesday night's drawing to nab the $410 million jackpot. Our table shows the prize tiers, the prize amounts and the number of players who have picked the required amount of numbers correctly in the American lottery draw.The most frequently drawn numbers in Mega Millions are 29, 4, 48, and 36. You may be the lucky winner!The American Mega Millions lottery is one of the most popular lotto games in the world. )For this jackpot, the cash option — the choice most winners go with — is $316.8 million. In response to reduced ticket purchases during the coronavirus pandemic, Mega Millions officials announced in early April that future games' starting jackpots — as well as jackpot increases when there's no winner in a drawing — would be based on game sales and interest rates with no fixed minimum amount. Holding the record as the third biggest jackpot ever won, Mega Millions is a crowd favourite, but Mega Millions Max is here to change that! Here's Everything You Need To Know About The $530M Mega Millions Lottery Drawing!! Don’t miss this amazing opportunity to claim victory in the world’s most prestigious, exciting, and popular American lottery games. Mega Millions Max is your chance to play the game you love and win jackpots you’ve never seen before. View the Webcast of the official drawings.