Mega Millions Jackpot Climbs to $965 Million After No Winning Tickets Drawn
The Mega Millions jackpot has surged to $965 million after no tickets matched all six numbers in Tuesday night’s drawing, offering a potentially life-changing sum to a lucky winner.
The winning numbers from yesterday’s drawing were 10, 13, 40, 42, 46, and Mega Ball 1. While the advertised jackpot is $965 million, the actual payout will be significantly less due to federal and potential state taxes. Winners typically opt for the lump-sum cash option, which for this drawing is estimated at $445.3 million before taxes.
After a mandatory 24% federal withholding, the cash prize would drop to approximately $338.4 million, and could fall further to around $280.5 million depending on the winner’s individual tax bracket, potentially reaching a 37% federal marginal rate. State taxes will also impact the final amount received; for example, New York taxes lottery winnings at 10.9%, while states like the IRS outlines federal tax implications for lottery winners. For more information on how lotteries work, see USA Today’s explainer.
This marks the second-largest lottery prize of the year so far, and the growing jackpots often lead to increased ticket sales as people dream of financial freedom. The next Mega Millions drawing is scheduled for Friday night, while the Powerball jackpot currently stands at $512 million and will be drawn Wednesday night.
Officials stated that the next drawing will continue to offer hopefuls a chance at a substantial prize.
