Your winnings would be reduced by a 24% federal tax withholding, but that would be just the start of what you'd owe to the IRS and, possibly, state coffers.
Meanwhile, Powerball's jackpot is $360 million ($188.7 million cash) for Wednesday night's drawing. 14 when the jackpot was reset to $20 million after two tickets sold in Florida and California split a $502 million grand prize. That amount would be reduced by a mandatory 24% federal withholding, or $169.9 million, which would lower your winnings to $538 million. The jackpot jumped again after no ticket matched all six numbers drawn Tuesday night to land the grand prize. [where you purchased the ticket](https://www.cnbc.com/2023/01/10/best-states-to-win-1point1-billion-mega-millions-jackpot.html) and where you live. The chance of hitting the jackpot in that game is slightly better than with Mega Millions: 1 in 292 million. However, if you were to face the top rate of 37% on the full $707.9 million cash option, $261.9 million in all would go to the IRS, reducing your haul to $446 million. [jackpot winners](https://www.cnbc.com/2023/01/10/mega-millions-jackpot-is-1point1-billion-how-to-plan-for-sharing-it.html) tap their philanthropic side and give some of their windfall to [charitable causes](https://www.cnbc.com/2022/09/30/heres-how-to-pick-the-best-charitable-giving-strategy.html). [above $578,125](https://www.cnbc.com/2022/10/19/irs-here-are-the-new-income-tax-brackets-for-2023.html) for individual tax filers and $693,750 for married couples, you could count on owing more to the IRS at tax time. [Americans lean more on credit cards as expenses stay high](https://www.cnbc.com/2023/01/10/americans-lean-heavily-on-credit-cards-amid-inflation.html) [3 money moves you should make at the start of the year](https://www.cnbc.com/2023/01/09/here-are-3-money-moves-you-should-make-at-the-start-of-the-new-year.html) [Where to keep your cash amid inflation, rising interest rates](https://www.cnbc.com/2023/01/04/where-to-keep-your-cash-amid-high-inflation-and-rising-interest-rates.html) If won in the next drawing — set for Friday night — it would mark the second-largest Mega Millions jackpot ever and the fourth-largest lottery prize in history. - If someone lands the jackpot in the next drawing, it would mark the second-largest Mega Millions prize ever won and the fourth largest in lottery history.
JANUARY 11, 2023: DES MOINES, Iowa (AP) - The Mega Millions prize has grown again to an estimated $1.35 billio...
The estimated $785 million prize is for a winner who chooses to be paid through an annuity, with annual checks over 29 years. The new $940 million jackpot is for a winner who chooses to be paid through an annuity over 29 years. Nearly all winners opt for cash, which for the next drawing would be an estimated $395 million. The $940 million jackpot is for winners who choose an annuity, paid annually over 29 years. The new estimated prize is for a winner who chooses an annuity paid annually over 29 years. The top prize increased to $785 million ahead of the next drawing Tuesday night (Jan. The $1.1 billion prize is for a winner who chooses to be paid through an annuity over 29 years. The estimated $940 million jackpot up for grabs Friday night (Jan. The estimated $1.35 billion jackpot prize would only be distributed to a winner who chooses an annuity paid over 29 years. Grand prize winners usually take the cash option, which for Tuesday night’s drawing will be an estimated $568.7 million. No one hit all six numbers and won the estimated $940 million jackpot, pushing the lottery prize to an estimated $1.1 billion ahead of the next drawing Tuesday night (Jan. The prize is now the third-largest in U.S.
There's still time to buy a Mega Millions lottery ticket for the Jan. 13, 2023 draw — and Canadians can snag a ticket too.
The largest [Mega Millions lottery](https://globalnews.ca/tag/mega-millions-lottery) winning was a $1.537-billion jackpot from 2018, which was claimed in South Carolina. But it’s not just Americans who get to enjoy all of the insanely high jackpot prizes. Currently, the odds of winning a Mega Millions jackpot are one in 292.2 million, a decrease from the former one-in-175.2 million odds. The rule change was enacted to allow the jackpot total to incrementally increase week after week. The last jackpot was $502 million, claimed in California on Oct. An additional 215 ticketholders also won the third-tier prize of up to $30,000.
The Mega Millions prize has grown again to an estimated US$1.35 billion after there was no winner of the U.S. lottery's latest giant jackpot.
flights were grounded by a FAA system outage](https://www.ctvnews.ca/sci-tech/why-u-s-flights-were-grounded-by-a-faa-system-outage-1.6226063) [Lifestyle](https://www.ctvnews.ca/lifestyle) [Tap water isn't safe to use in neti pots and other home medical devices. Electric vehicles took two of three categories for the first time in this year's North American Car, Truck and Utility of the Year awards. The other veterans, representing the Army, Navy and Marines, flew in for the event. But in a study published Wednesday in the journal Emerging Infectious Diseases, one-third of respondents to a survey incorrectly answered that tap water does not contain bacteria or other living organisms. The United States Embassy in Ottawa says it has concerns that the federal Liberals' controversial online streaming act could discriminate against American companies. border agencies say they have a plan to reduce the backlog for the Nexus trusted-traveller program. to check their flights before going to the airport after a key computer outage at the U.S. ['Not going to believe the stats': Sask. The United States Consumer Products Safety Commission appeared at one point to consider a ban on gas stoves due to health and respiratory concerns. Nearly all grand prize winners opt to take a cash payout, which for Friday night's drawing is an estimated $707.9 million. to date was a $2.04 billion Powerball won by a single ticket in California in November.
Depending on where the winner lives and where they bought the winning ticket, state and city taxes could also come into play and eat into the jackpot even more, ...
[according](https://www.megamillions.com/How-to-Play.aspx) to the operator. [ largest lottery jackpot ](https://www.forbes.com/sites/roberthart/2022/11/09/california-ticket-wins-record-204-billion-powerball-jackpot-heres-how-much-theyll-pay-in-taxes/?sh=498656bd3906)won in the U.S., a Powerball draw claimed by a single winner in California in November. [associate](https://www.standard.co.uk/lifestyle/friday-the-13th-considered-unlucky-superstition-origin-a4386341.html) Friday the 13th with bad luck and [superstition](https://www.bbc.co.uk/newsround/16543009). The 2018 Mega Millions Jackpot, worth $1.54 billion, is the third highest jackpot in U.S. Players have much greater odds of being struck by lightning in any given year, which are less than 1 in 1 million, [according](https://www.cdc.gov/disasters/lightning/victimdata.html) to the CDC. [statement](https://www.megamillions.com/News/2023/Second-Largest-Mega-Millions%C2%AE-Jackpot-Set-for-Frid.aspx). Before that, the largest lottery jackpot in the U.S. Massive jackpots have become a [feature](https://www.washingtonpost.com/news/post-nation/wp/2016/01/13/how-powerball-manipulated-the-odds-to-make-a-1-5-billion-jackpot-happen/) of lotteries in recent years, where rules are designed to make it easier to win but harder to win big. lottery history that many will hope to claim despite the unlucky date, though any winner will face a hefty tax bill and take home much less than the headline prize—here’s how much. However, Mega Millions [says](https://www.megamillions.com/News/2023/Second-Largest-Mega-Millions%C2%AE-Jackpot-Set-for-Frid.aspx) the day has been rewarding for players over the years and six jackpots have been won on such days. was a Powerball draw worth $1.59 billion, which was shared by three winners in 2016. It has surpassed a $1.34 billion jackpot [claimed](https://www.forbes.com/sites/brianbushard/2022/09/21/mega-millions-two-finally-claim-historic-1337-billion-jackpot-in-illinois/?sh=7d6ac9846c7a) by a single ticket holder in July and is approaching the operator’s record of $1.54 billion, which was claimed in 2018.
The winning numbers for Tuesday night's drawing were 7, 13, 14, 15, 18, Mega Ball: 9 and Megaplier was 3x. Did anyone win Mega Millions last night? No one ...
The cost to play Mega Millions is $2 a ticket. According to Mega Millions, six jackpots have been won on a Friday the 13th over the years. The next drawing will be on Friday (the 13th). The odds stand at about 1 in 302.6 million. - $1.337 billion, Mega Millions, July 29, 2022: Won in Illinois. [are held](https://www.youtube.com/user/megamillions46/videos) Tuesdays and Fridays at 11 p.m. Three of those tickets are worth $3 million each – because they included the optional Megaplier, which tripled winnings on Tuesday. Superstitious lottery players might keep a careful eye out for the upcoming drawing, which falls on Friday the 13th. - $543 million, July 24, 2018: Won in California. - $1.337 billion: July 29, 2022: Won in Illinois. - If someone wins the $1.35 billion jackpot, it would be the second-largest jackpot in Mega Millions history. - After no one won the $1.1 billion Mega Millions jackpot in Tuesday night's drawing, the lottery game's top prize climbed to an estimated $1.35 billion.