Drew Angerer | Getty Photos Information | Getty Photos
Eyeballing that Mega Thousands and thousands jackpot? Good ol’ Uncle Sam is, too.
After greater than two months of twice-weekly drawings with nobody matching all six numbers, the highest prize has climbed to $367 million for Tuesday evening’s drawing. The final jackpot gained was on March 12, for $50 million.
In fact, the marketed quantity is not what winners find yourself with.
Whether or not they take the prize as an annuity unfold out over three a long time or as a direct, diminished lump sum, 24% is withheld for federal taxes. Nonetheless, the highest marginal tax price of 37% means owing much more to the IRS at tax time. State taxes sometimes are due, as properly.
Largest U.S. lottery jackpots
| Rank | Quantity | Date gained | Sport | Winner places |
|---|---|---|---|---|
| 1 | $1.586 billion | Jan. 13 2016 | Powerball | CA-FL-TN |
| 2 | $1.54 billion | Oct. 23 2018 | Mega Thousands and thousands | SC |
| 3 | $768.four million | March 27 2019 | Powerball | WI |
| 3 | $758.7 million | Aug. 23 2017 | Powerball | MA |
| 5 | $687.eight million | Oct. 27 2018 | Powerball | IA-NY |
| 6 | $656 million | Mar. 30 2012 | Mega Thousands and thousands | KS-IL-MD |
