MegaMillions jackpots, as well as any large lottery prize, are subject to taxes. Your local lottery has to withhold 24% in federal taxes in addition to the state lottery tax. (You’ll face ...
Is today your lucky day? The MegaMillionslottery jackpot was an estimated $1.22 billion with a cash option of $549.7 million for Friday night's drawing, according to the MegaMillions ...