If you win the $630 million Mega Millions jackpot, here’s how much would go to taxes

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If you win the $630 million Mega Millions jackpot, here’s how much would go to taxes

Published Wednesday 20 July 2022

If the jackpot is won in the next drawing, it would mark Mega Millions' fifth-largest prize ever. The cash option, which most big jackpot winners choose instead of an annuity, is $359.7 million. A 24% federal withholding would be just the start of the winner's tax bill. So you...

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