While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.

If you stand to claim a Mega Millions jackpot, or any other lottery prize, one of the first things you should do is seek out ...

It now sits at an estimated $1.15 billion, with a cash option of $516.1 million, making it the fifth-largest Mega Millions ...

Friday’s jackpot was the fifth-largest Mega Millions prize in US history and the winning ticket was sold at Sunshine Food and ...

Massive lottery prizes in the US have become increasingly common in recent years, attributed to changes in game rules and ...

For the current estimated $1.22 billion Mega Millions jackpot, the cash payout is $549.7 million, according to the website. After taxes that's about $418 million, which doesn't sound nearly as ...

The Mega Millions jackpot climbed to $670 million ... as some states like New York tax lottery winnings at 10.9%, while others like Texas, Florida, and California don’t. Get Forbes Breaking ...

which would be reduced to $15.9 million after a 24% mandatory tax withholding, or to $13.2 million with a federal marginal rate as high as 37%. The jackpot is the eighth-largest in Mega Millions ...

When a Mega Millions jackpot hits astronomical heights, it can be easy to assume that the advertised figure is set in stone. But as the California Lottery’s Carolyn Becker explains, the final jackpot ...

Tonight, the numbers for the near-record Mega Millions jackpot will be drawn. At $1.15 billion, it’s the fifth-largest prize ...