Mega Millions Jackpot Now $500 Million

BOSTON (CBS) – The Mega Millions jackpot is now at $500 million for Friday’s drawing, a new record.

That’s right – a half-a-billion dollars.

The jackpot jumped to $476 million overnight after no one won Tuesday night’s drawing.

Those numbers were:

9, 19, 34, 44, 51 and the Mega Ball 24.

That jackpot was $363 million, which means the total prize has increased $137 million in about 12 hours.

The cash option is now up to a record $359 million.

Here’s how the current prize would break down for a Massachusetts resident:

Annuity: $500,000,000

26 payments: $19,230,769

Fed Tax (25%): – $4,807,692

MA Tax (5%): – $961,538

=====================

Yearly Payout: $13,461,539

After 26 years: $350,000,014

If you took the $359 million cash option:

Fed Tax (25%): – $89,750,000

MA Tax (5%): – $17,950,000

=====================

Total: $251,300,000

Also, keep in mind, if you live in New Hampshire, where there is no state tax, you would take in about an extra $25 million total under the 26 year payment plan or nearly $18 million extra with the cash option.

Comments

One Comment

  1. 1stackmack says:

    as l posted on kellers piece.l’d buy a good size warehouse.and l’d fill it with toys from the barret jackson auction next week in florida.l’m talkin collector cars baby.from fifties fins,to muscle cars.l’d also like to learn to fly helicopters ,and own a nice jet ranger.l’m getting close,3 out 6 numbers last night.but $7 don’t get much.

  2. Italo says:

    Too bad they can’t take the state taxes from these lottery winnings and funnel them into closing the “debt gap” that the MBTA says it needs still to close.

  3. Rob Cleary says:

    I will offer one million dollars to anyone that can produce Obysmals original Birth certificate. You know, the one from Kenya.

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