Mega Millions Jackpot Analysis
In Mega Millions lottery we got 217 jackpot winners since it started. You can check the full list of winners with the draw date, residing State (Place of living) and the jackpot amount they won. There have been 192 draws in total in which the jackpot has been won. And in some draws multiple people shared the jackpot. MegaMillions Jackpot Analysis. Below is an analysis of the current MegaMillions jackpot, showing both the advertised Annuity and Lump Sum amounts and their ultimate worth after taking into account federal and state tax. Mega Millions Lottery. The jackpot for Tuesday, February 9. This Mega Millions lottery analysis is quite good. I have choosen numbes by going through this analysis and won. Lotteryanalysis says: December 13, 2020 at 8:43 pm. Wow, congratulations! Thanks for letting us know. We hope you spread the word about our website and our analysis. As you might already know, when a player wins the Mega Millions jackpot, they'll have to choose between a single lump sum or 30 annual payments to claim their prize. Choosing the lump sum, also known as the cash option, reduces the jackpot size to approximately 61% of the original amount, but awards it all at once to the player. The 24% federal tax withholding would reduce the Powerball cash option by about $53.6 million, to $169.7 million, and Mega Millions' by $73.7 million, to $233.3 million.
- Mega Millions Jackpot Analysis Wisconsin
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- Mega Millions Jackpot Analysis Usa
Mega Millions Lottery
Mega Millions is the second-largest lottery in the US. It is just behind the Powerball. In this lottery, you can win millions overnight by sitting at home. It had started in 2002, and since then, it has become popular in the US. Mega Millions lottery has the starting jackpot prize of $40 Million. It has two drums lottery system. In which, the first drum contains numbers from 1 to 70, And in the second drum, it has numbers from 1 to 25. So to play the game, you have to choose five numbers from the first drum and one number from the second drum. Fist five numbers are knows as the white ball numbers and the one number from the second drum is known as the Mega Ball number. You can play this lotto online from your home only.
To win a jackpot, you have to match all six winning numbers. If you don't match all six winning numbers, still, you can win eight different lower prizes. Check the Mega Million Jackpot winner in Recent Draw.
* Due to the COVID-19 pandemic, Mega Millions lottery has made some changes in the jackpot amount. Now it has the minimum advertised jackpot of $20 Million. It will increase by $2 Million each draw if they don't get a jackpot winner.
We are going to analyze the MegaMillions Lottery Jackpot. Mega Millions is the second-largest lottery in the USA in terms of the Jackpot amount. For analysis of the Mega Millions lottery jackpot, we have gathered data of the past 100 draws, and this Mega Millions Jackpot analysis will derive the conclusion. We will see how many different taxes will impose on our Jackpot amount and how much money we will finally get in cash or annuity breakups.
For cash payout, we will get the full amount after deducting taxes at the time of claim. But we have another option to get the Jackpot amount, that is Annuity. So if we choose the annuity option, then we will get money in 30 installments. The first installment you will get at the time of claim, and the other 29 installments you will get over the next 29 years.
Mega Millions lottery jackpot winning amount is big, so the amount of taxes will also be huge. To calculate the taxes, We have developed a calculator to analyze the taxes on the Mega Millions lottery jackpot amount. You only need to select the state in which you have purchased the Mega Millions lottery ticket, and the analyzer will do its job to calculate the taxes, cash amount, and annuity amounts.
Mega Millions Jackpot Analysis Wisconsin
Mega Millions Lottery Jackpot Analyzer
Payout you receive first year will increase by 5% each year. State taxes on lottery winning will be paid separately as per your US state laws. Federal tax in USA is same for all the states, So you have to pay a standard amount of tax.
More Mega Millions Jackpot Analysis Videos
$56 Million Jackpot Annuity Breakdown
Mega Millions Jackpot Analysis Usa
| Year | Gross Amount | Federal Tax | State Tax (0%) | Final Amount |
| 1 | -$311,866 | $531,015 | ||
| 2 | -$327,459 | $557,565 | ||
| 3 | -$343,832 | $585,444 | ||
| 4 | -$361,024 | $614,716 | ||
| 5 | -$379,075 | $645,452 | ||
| 6 | -$398,028 | $677,724 | ||
| 7 | -$417,930 | $711,610 | ||
| 8 | -$438,826 | $747,191 | ||
| 9 | -$460,768 | $784,550 | ||
| 10 | -$483,806 | $823,778 | ||
| 11 | -$507,996 | $864,967 | ||
| 12 | -$533,396 | $908,215 | ||
| 13 | -$560,066 | $953,626 | ||
| 14 | -$588,069 | $1,001,307 | ||
| 15 | -$617,473 | $1,051,373 | ||
| 16 | -$648,346 | $1,103,941 | ||
| 17 | -$680,764 | $1,159,138 | ||
| 18 | -$714,802 | $1,217,095 | ||
| 19 | -$750,542 | $1,277,950 | ||
| 20 | -$788,069 | $1,341,848 | ||
| 21 | -$827,473 | $1,408,940 | ||
| 22 | -$868,846 | $1,479,387 | ||
| 23 | -$912,289 | $1,553,356 | ||
| 24 | -$957,903 | $1,631,024 | ||
| 25 | -$1,005,798 | $1,712,575 | ||
| 26 | -$1,056,088 | $1,798,204 | ||
| 27 | -$1,108,892 | $1,888,114 | ||
| 28 | -$1,164,337 | $1,982,520 | ||
| 29 | -$1,222,554 | $2,081,646 | ||
| 30 | -$1,283,682 | $2,185,728 |