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Mega Millions Jackpot Rises To $542 Million-Here’s What The Winner Could Take Home After Taxes
Forbes • • business
Key Points:
- The Mega Millions jackpot has reached $542 million, marking the largest lottery prize of the year after no ticket matched all six numbers in Tuesday’s drawing.
- The eventual Mega Millions winner will receive a significantly reduced payout after taxes and deductions.
- The next Mega Millions drawing is set for Friday night, while the Powerball jackpot stands at $375 million with its next drawing on Wednesday.
- The odds of winning the Mega Millions jackpot are 1 in 290.4 million, which is slightly better than the Powerball’s odds of 1 in 292.2 million.
- Earlier this year, a $533 million Mega Millions jackpot was won in Illinois, and the largest Powerball jackpot so far was $250.8 million claimed by a player in Arkansas.
