{"id":286982,"date":"2025-11-12T09:08:08","date_gmt":"2025-11-12T09:08:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/286982\/"},"modified":"2025-11-12T09:08:08","modified_gmt":"2025-11-12T09:08:08","slug":"mega-millions-jackpot-hits-965-million-heres-what-the-winner-could-take-home","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/286982\/","title":{"rendered":"Mega Millions Jackpot Hits $965 Million\u2014Here\u2019s What The Winner Could Take Home"},"content":{"rendered":"

Topline<\/p>\n

The Mega Millions jackpot rose to $965 million\u2014the second biggest lottery prize of the year so far\u2014after no tickets matched all six numbers drawn on Tuesday night, although the eventual winner will take home a much smaller payout after taxes and deductions.<\/p>\n

The Mega Millions jackpot rose to $965 million after Tuesday night’s drawing.<\/p>\n

Copyright 2013 AP. All rights reserved.Key Facts<\/p>\n

The six numbers<\/a> drawn on Tuesday night were 10, 13, 40, 42, 46, and Mega Ball 1.<\/p>\n

If a winner emerges in the next draw, they will have a choice between taking the $965 million prize spread over 30 annual installments or a lump sum cash payout of $445.3 million\u2014the preferred option for most winners.<\/p>\n

If the winner picks the cash prize, their winnings will first drop to around $338.4 million after a mandatory federal withholding of 24% is applied.<\/p>\n

The winner would likely face a federal marginal rate as high as 37%, depending on their taxable income, further reducing the winnings to around $280.5 million.<\/p>\n

If the installments route is chosen, the winner\u2019s annual payments of around $32.16 million would fall to $20.26 million after the 37% federal marginal rate is applied.<\/p>\n

Depending on their home state, the winner could face additional taxes, as some states, such as New York, tax lottery winnings at 10.9%, while others, such as Texas, Florida, and California, don\u2019t.<\/p>\n

What To Watch For?<\/p>\n

The next Mega Millions drawing is scheduled to take place on Friday night. The Powerball jackpot, which has risen to $512 million, will have its next drawing on Wednesday night.<\/p>\n

Read More<\/p>\n","protected":false},"excerpt":{"rendered":"Topline The Mega Millions jackpot rose to $965 million\u2014the second biggest lottery prize of the year so far\u2014after…\n","protected":false},"author":2,"featured_media":286983,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,130437,151090,151091,151089],"class_list":["post-286982","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-mega-millions","tag-mega-millions-draw","tag-mega-millions-jackpot","tag-mega-millions-numbers"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/286982","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=286982"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/286982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/286983"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=286982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=286982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=286982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}