Mega Millions Jackpot Hits $672 Million After Tuesday Draw Finds No Winner
Updated
Updated · Forbes · Jul 15
Mega Millions Jackpot Hits $672 Million After Tuesday Draw Finds No Winner
3 articles · Updated · Forbes · Jul 15
Summary
$672 million is now at stake for Friday's Mega Millions drawing after no ticket matched all six numbers drawn Tuesday night.
The winning numbers were 2, 4, 10, 48, 56 and Mega Ball 22, extending the rollover to the biggest lottery prize claimed or offered this year.
$293.3 million is the cash option for a sole winner, but federal withholding would cut that to about $222.9 million and the top federal tax rate could reduce it further to roughly $184.8 million.
The annuity alternative would pay about $22.4 million a year for 30 years before taxes, while state tax treatment varies from 10.9% in New York to none in Texas, Florida and California.
The odds of winning remain 1 in 290.4 million, slightly better than Powerball's 1 in 292.2 million, as that game's jackpot stands at $498 million ahead of Wednesday's drawing.