The Mega Millions jackpot increases to 9 million

The Mega Millions jackpot increases to $579 million

Do you want to become a multi-millionaire quickly? Then look no further than Mega Millions as the jackpot increases to $579 million, the 10th largest prize in the lottery’s history.

According to a statement from Mega Millions, one lucky player will have the chance to win the record jackpot after the next drawing on December 6th.

This could be a record year for the competition. Only three other people have won the Mega Millions jackpot this year, and all have won the highest totals in the top ten ever.

“After the first partial year of the Mega Millions in 2002, there was not a single year in which all jackpots won reached the then current top ten values,” the lottery says.

The next Mega Millions jackpot drawing will take place on Friday, December 6 (AFP via Getty Images)

The next Mega Millions jackpot drawing will take place on Friday, December 6 (AFP via Getty Images)

According to the lottery, fewer than five Mega Millions jackpots have never been won in a year. But that could change in 2024, as this week’s prize represents only the fourth potentially winning jackpot this year.

This year’s first jackpot winner has scored a huge success with a prize of $1.128 billion in New Jersey. According to the lottery, the lucky ticket holder has not yet come forward and claimed the prize.

If you live in the Garden State, be sure to check your coat pockets and old bags for a ticket you may have forgotten – the winner has until March 26, 2025 to claim the prize before it expires.

The year’s second winner won a $552 million jackpot in Illinois, while the third scored big with a $810 million jackpot in Texas.

This week’s potential winner could take home significantly less than the advertised prize. The winner can choose to receive the 10th largest jackpot ever, spread over 30 annual payouts, or a flat prize of $276.6 million immediately.

If the winner opts for the lump sum, mandatory federal withholding and a federal marginal tax rate of up to 37 percent could bring the prize down to $174 million, according to Forbes.

Even the 30-year installment plan comes with its share of taxes, with annual payments likely to drop from $19.3 million to $12.16 million due to the federal marginal tax rate of 37 percent, Forbes reports.

In either case, the amount could go down even further depending on the winner’s state taxes.

Leave a Reply

Your email address will not be published. Required fields are marked *