A winner could opt for a $385.1 million cash option, which would be a one-time payment in lieu of receiving the $815 million over 30 years
stands at an estimated $815 million ahead of Friday night's drawing, making it the 6th largest in the game's history. .Lottery jackpots grow so large because the odds of winning are so small. For Mega Millions, the odds of winning the jackpot are about 1 in 302.6 million.
Winnings will also be taxed by the federal government. There's a mandatory 24% federal withholding for winnings above $5,000 that goes straight to the IRS. Some states tax lottery winnings as well.Check back at this NBC station for the winning numbers later tonight. Millions, if not billions, are up grabs once a winning lotto ticket goes unclaimed. What to know about who gets to keep it.
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