The Mega Millions Jackpot Is Now $790 Million. Here's How Much Would Go to Taxes If There's a Winner

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The Mega Millions Jackpot Is Now $790 Million. Here's How Much Would Go to Taxes If There's a Winner
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With no ticket matching all six numbers drawn on Friday night, the Mega Millions jackpot has climbed to $790 million.

The cash option, which most jackpot winners choose instead of an annuity, is $464.4 million.If you manage to beat the odds and land the next Mega Millions jackpot, don't forget that Uncle Sam will snatch a slice of the windfall.

The top prize has surged to $790 million for Tuesday night's drawing after no ticket matched all six numbers pulled Friday night. If won at that amount, it would mark the fourth-largest lottery prize ever awarded. And, it would come with a sizable tax bill. Whether the prize is taken as an annuity of 30 payments over 29 years or as an immediate, reduced cash lump sum, taxes end up taking a big bite out of any winnings.

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