Tuesday night saw the Mega Millions jackpot finally hit. That comes after thirty drawings in which not a single ticket matched the gold Mega Ball and the five drawn white balls.
The fortunate winner will have to choose between accepting the $537.5 million lump sum payment or the entire prize, which will be distributed in 29 annual installments with an approximate 5% annual growth. The awards were given out prior to the highest earners in the nation being subject to an effective 37% federal tax rate.
The fortunate winner will have to choose between accepting the $537.5 million lump sum payment or the entire prize, which will be distributed in 29 annual installments with an approximate 5% annual growth. The awards were given out prior to the highest earners in the nation being subject to an effective 37% federal tax rate.
