How Little Money The ‘Mega Millions’ Winner Will Actually Bring Home After Taxes
Although the jackpot for Friday’s Mega Millions drawing has grown to $1.35 billion — the second-highest in U.S. history — that’s not exactly how much the person who matches all six numbers will bring home.
According to FOX 4, the full jackpot amount is offered only to people who agree to take their winnings in payments spread out over 29 years. However, most winners decide to take the entire prize at once, which means they’ll receive less money.
In this case, the winner would get $707.9 million of the $1.35 billion that’s being touted, per lottery officials. But it gets even worse. The IRS immediately takes 24 percent of all lottery winnings over $5,000, lowering the lump sum value of Friday’s jackpot to $538 million, sources say. Plus, that money will count as income, meaning the winner will pay even more taxes on the jackpot next April. OUCH!
North Carolina Is One Of The Luckiest States For The Lottery
There are some states that are luckier than others. There is no doubt about it. North Carolina made the list of 15 lucky states in the United States, according to OLBG. Everyone has fantasized about winning the lottery, whether it’s the Mega Millions or the Powerball. Whether you’re planning a lavish vacation, buying a house, treating a loved one, giving to charity, or all of the above, when we buy a ticket we always have a little bit of hope and our imaginations go wild when we hear about the unclaimed winning ticket…
When it comes to winning big on the lottery, which states are the luckiest? To determine where in America has the greatest likelihood of winning the big bucks, OLBG analyzed all lottery winners in the U.S. with a jackpot of $300 million or more. You can see the top 15 states below.
Country 103.7’s funniest guy in town is none other than Rob Tanner with Tanner in the Morning! Rob Tanner has been the host of WSOC-FM's Tanner in the Morning Show in Charlotte, NC for 20 years. The show was named the 2018 ACM Major Market Personalities of the Year. He is well-versed in all topics in country music. Tanner also is a sports junkie who writes about any Carolina sports team, and he and his wife Missy spend most of their down exploring theme parks. He writes Disney insider content.
