Lottery players will have another shot Tuesday night at a massive Mega Millions jackpot prize that ranks as the sixth largest in the game's history and the…
prize that ranks as the sixth largest in the game's history and the 10th biggest prize ever in the U.S.
Lottery winnings are also not tax-free. A big slice of those winnings would also go toward federal taxes, and many states also tax lottery payouts. Lottery jackpots grow so large because the odds of winning are so small. For Mega Millions, players have a 1 in 302.6 million chance of taking home the top prize.
If it seems like lottery jackpots topping $1 billion are more common nowadays, it's because they are. Since 2021, seven prizes have topped $1 billion, not counting the latest game. The increased frequency
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