Let's say you won $1 billion Mega Millions jackpot. Is it better to get a truckload of cash at your house now, or guaranteed payments for 30 years?

While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.

The Mega Millions jackpot winner could either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.

If you won the Mega Millions jackpot in North Dakota and opted for the cash payout, you would pocket about $377.3 million (or, under the highest federal tax rate, $310.2 million, based on USA Mega ...

It now sits at an estimated $1.15 billion, with a cash option of $516.1 million, making it the fifth-largest Mega Millions ...

The total amount of the Mega Millions jackpot would only be distributed to a winner who chooses an annuity paid over 29 years ...

The Mega Millions jackpot has reached $1.22 billion. Experts say winners should generally take the money in annuities, but ...

If you won the Mega Millions jackpot in North Dakota and opted for the cash payout, you would pocket about $377.3 million (or, under the highest federal tax rate, $310.2 million, based on USA Mega ...

Will a lucky lottery player have a extra happy holiday? The Mega Millions lottery jackpot was an estimated $1 billion with a ...

But you don't get as much that way. For the current estimated $1.22 billion Mega Millions jackpot, the cash payout is $549.7 million, according to the website. After taxes that's about $418 ...