+1 vote
How much would you get after taxes on Mega Millions?

1 Answer

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If you win Mega Millions, the IRS gets about $58 million to start. Lottery officials withhold 24% for federal taxes, although you could count on owing much more at tax time. The chance of winning the jackpot, which has been climbing for more than two months, is about 1 in 302 million.
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