How much would you take home if you won the Mega Millions 1 billion?

How much would you take home if you won the Mega Millions 1 billion?

The federal government will immediately take $83,112,000 from that cash option (24\%), leaving you $263,188,000. Remember, the rest of your federal tax bill comes next year and will cost you another $44,983,072. So, when you take the cash option, you will end up with $218,204,928 after federal taxes.

What do you do if you win the Mega Millions jackpot?

If you become the next big lottery winner, make sure you do these 5 things:

  1. Sign your lottery ticket. Make sure that you sign your winning lottery ticket.
  2. Remain anonymous if possible. Some people like attention; some don’t.
  3. Choose between the lump sum and annuity payments.
  4. Hire financial advisors.
  5. Pay off debt.
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Has anyone claimed the 1 billion Mega Millions?

A four-member suburban Detroit lottery club won a $1.05 billion Mega Millions jackpot and will receive $557 million after taxes, officials said Friday. The winners claimed their prize weeks after the Jan. 22 drawing and chose the immediate lump sum option. The Wolverine FLL Club had the only jackpot-winning ticket.

What is the largest unclaimed lottery prize?

The largest jackpot to go unclaimed was from a Florida lottery in the USA. A $369.9 million prize was won by a ticket bought in Bonita Springs, Florida in January 2020.

Who is the youngest lottery winner?

Thomas Yi
Thomas Yi, 23, of Land O’ Lakes, won the March 27 drawing, lottery officials said. “Even after matching all six numbers, I was in disbelief and took my ticket to a retailer to have it checked,” Yi said.

What states sell Mega Millions?

Georgia. If you’re in Georgia,you’re in luck.

  • Illinois. You get to buy your tickets online through the state’s lottery site here.
  • Kentucky. To buy a Mega Millions ticket in Kentucky,visit this link.
  • Michigan. Michigan’s official lottery site lets you buy tickets online here on their home page.
  • New Hampshire.
  • New York.
  • North Carolina.
  • North Dakota.
  • Virginia.
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    How many numbers to win Mega Millions?

    When you play Mega Millions, you must pick five numbers from 1 to 75 and one number from 1 to 15. In order to win the big jackpot, you must match all of the first five in any order and the last Mega Ball.

    What is the highest Mega Millions jackpot ever?

    The largest Mega Millions jackpot, $1.537 billion, was won on October 23, 2018 by one ticket, sold in South Carolina. This prize, the largest for one set of numbers in world history, was the second largest lottery payout, behind Powerball ‘s $1.586 billion jackpot won on January 13, 2016 by multiple tickets.

    What state hit the mega million?

    When it comes to the Mega Millions , only 25 states have claimed big jackpot winners, with New York’s 37 mega-millionaires leading the way. California is second with 31 and Ohio recently joined New Jersey in a third-place tie with 20. The latest Ohio winner claimed a $375 million jackpot on Dec. 17.