The Mega Millions jackpot has now surged to $1.02 billion. Here’s the tax bill if you win

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The Mega Millions jackpot has now surged to $1.02 billion. Here’s the tax bill if you win

Published Wednesday 27 July 2022

If this jackpot is won, it will be the fourth lottery prize awarded that is worth more than $1 billion. The cash option — which most jackpot winners choose instead of an annuity — is $602.5 million. The IRS will take a big chunk of the windfall,...

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