Topline<\/p>\n
The Mega Millions jackpot has grown to $650 million after no tickets matched all the numbers Friday, putting the prize in the top 10 in Mega Millions\u2019 history, with the next drawing scheduled for Tuesday. <\/p>\n
Lottery tickets for the Mega Millions lottery are purchased from a liquor store where winning tickets have been sold on December 27, 2024 in Hawthorne, California. (Photo by FREDERIC J. BROWN\/AFP via Getty Images)<\/p>\n
AFP via Getty ImagesKey Facts<\/p>\n
The six numbers drawn Friday were 9, 21, 27, 48 and 56, along with a \u201cMega Ball\u201d of 10. <\/p>\n
If a winner emerges in the next drawing, they will have the option of taking the $650 million prize spread over 30 annualized payments of $21.7 million or a one-time cash prize of $304.1 million, which is the much more popular option.<\/p>\n
An automatic 24% federal withholding would be applied to winnings, but a winner would almost certainly face a 37% federal tax rate as part of the highest tax bracket, which would reduce the annualized payment to $13.7 million and the cash prize to $191.6 million. <\/p>\n
Most states also apply taxes to lottery winnings, further bringing down the take-home pay, though a handful\u2014like Texas and California\u2014do not. <\/p>\n
The jackpot has been growing for three-and-a-half months, and Tuesday\u2019s drawing will be the 33rd for this jackpot. <\/p>\n
Tangent<\/p>\n
The next Powerball drawing is Saturday night, with an estimated $295 million jackpot with a cash value of $140.3 million.<\/p>\n
Big Number<\/p>\n
1 in 290,472,336. Those are the odds of winning the Mega Millions jackpot. <\/p>\n
Key Background<\/p>\n
The last top 10 Mega Millions jackpot was won in December, when a winner from California won the $1.3 billion prize. The biggest prize, $1.6 billion, was claimed in August 2023 by a winner from Florida.<\/p>\n
Further Reading<\/p>\n