No, The Mega Millions Jackpot Winner Didn't Pay 70% in Taxes

·3 min read
No, The Mega Millions Jackpot Winner Didn't Pay 70% in Taxes

A new Mega Millions jackpot winner has been named, this time winning the $1.28 billion cash prize. Coming up with billions of dollars on short notice can be tough for any organization, and the Multi-State Lottery Association, which runs the Mega Millions jackpot, is no different. When it comes to quoting the lottery prize, the Mega Millions game uses the sum of the payments that a winner would receive if they elected to take the annuity.