What's the Tax on the Mega Millions Jackpot?
by Rocky Mengle
Jan 23, 2021
2 minutes
Tonight's jackpot is now an estimated $1.28 billion (yes – that's BILLION, with a "b"!). While that's certainly a life-changing amount if you win, don't forget to factor in taxes before you run out to buy a mansion, yacht or private island. After taxes on the Mega Millions jackpot are taken out, the winner (if there is one) will actually pocket quite a bit
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