Mega Millions jackpot hits $630 million for Friday, July 22, 2022 - 5th largest ever
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This is the largest Mega Millions jackpot up for grabs in 18 months. The game’s second-largest jackpot prize, an estimated $1.05 billion, was won Jan. 22, 2021, by a player outside of Texas, the release said.
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If won at that amount, it would mark Mega Millions’ fifth-largest prize ever, but does not crack the top 10 biggest jackpots of all time.And, it would come with a sizable tax bill. Whether the prize is taken as an annuity of 30 payments over 29 years or as an immediate,
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– The cash option, which most big jackpot winners choose instead of an annuity, is $359.7 million.– A 24% federal withholding would be just the start of the winner’s tax bill.