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Mega Millions Jackpot Now $500 Million

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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

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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

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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.

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