What's the Tax on the Mega Millions Jackpot?
Congratulations to the lucky winner who had the only ticket that matched all six numbers in Friday's Mega Millions lottery drawing. But there are two other entities who also won big – the federal government and the state of Illinois. That's because, between the two, they're going to get a big chunk of the $1.337 billion jackpot once the tax man claims his share.
