The Mega Millions Jackpot Lottery
The California Lottery has just awarded the winner of its largest jackpot ever: $156.3 million. The amount is the largest single contribution in the history of the lottery, and will go to support public education. The winner, Chahayed, is the son of a gas station owner who sold the winning lottery ticket. He has sold winning lottery tickets before, but the prizes have always been in the thousands.
The Mega Millions jackpot lottery is a multi-state lottery. Players can play in 45 states, Washington, D.C., and the U.S. Virgin Islands. The lottery draws are held on Tuesdays and Fridays. Proceeds from each draw support lottery beneficiaries and retailer commissions. Each jurisdiction allocates the lottery’s revenues differently.
Mega Millions is the largest jackpot lottery in the world, with prizes that can reach $37 million. The jackpot is calculated by dividing the total prize pool by the number of winning tickets. In October 2017, Mega Millions’ prize structure changed to allocate 75 percent of the prize pool to the jackpot. This change also gave Mega Millions members an option to purchase tickets for $3 and play two games. However, those who choose this option do not receive any lower-tier prizes and do not have access to Megaplier jackpot prizes.
Megabucks is a jackpot lottery game that pays out a lump sum to the player who wins the jackpot. Players purchase their tickets at a player-activated terminal. They can use a touch screen or insert a play slip to purchase a ticket. The ticket contains 48 squares and is printed with the game play. They are valid for future draws. Players may purchase as many as ten game plays at a time.
Taxes on winnings
In the United States, winning the jackpot lottery means that you’ve won a large amount of money. Depending on the lottery prize amount, you may owe taxes on all or a portion of your prize. The amount of tax due depends on your overall income, your tax bracket, and the state you live in.