Since there was no grand winner from Tuesday night’s Mega Millions drawing, the new jackpot has increased to about $1.1 billion. Stephanie Ramirez of FOX reports.
Over a billion dollars is the value of the Mega Millions prize for Friday’s drawing.
What is the Mega Millions jackpot for Dec. 27, 2024?
Mega Millions reports that the jackpot for the drawing on December 27 is $1.15 billion.
Since a Texas ticket won $810 million in September, 30 draws have taken place.
What They’re Saying: Joshua Johnston, lead director for the Mega Millions Consortium, stated: “We know that many people will likely receive tickets to Friday’s drawing as holiday gifts, and what a gift that would turn out to be if you ended up with a ticket worth a $1.15 billion jackpot.”
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According to lottery officials, there is a 1 in 24 chance of winning any Mega Millions reward overall, and a 1 in 302,575,350 chance of winning the jackpot.
The drawing on December 24 sold 4,292,338 winning tickets, including 331,398 in Texas.
How much would you win after taxes in Texas?
You won’t become a billionaire just because you overcome the odds and match all six digits.
Winners have the option of receiving their prize money as a lump amount or in 30 installments spread over 29 years.
Those who choose the cash option will get an estimated $516.1 million if the $1.15 billion jackpot is won by a single person.
Taxes are another issue. 24% of any lottery prizes over $5,000 are promptly taken by the IRS, bringing the total down to about $392,236,000.
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Additionally, when the winner files their federal income taxes for 2024, they will probably owe more.
Ten states, including Texas, do not impose a state-level lottery tax on wins.
What is the largest ever Mega Millions jackpot?
The prize on Friday night would rank as the fifth-largest in the history of the game.
The largest wins are as follows:
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The Texas Lottery and Mega Millions provided the information for this article.
The Texas Lottery and Mega Millions provided the information for this article.
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