The winning numbers for Friday's $977 million Mega Millions jackpot have been drawn, potentially giving one, or multiple, lucky winners a life-changing fortune.
The winner could opt for a $467 million cash option, which would be a one-time payment in lieu of receiving the $977 million over 30 years.Lottery winnings are also not tax-free. A big slice of those winnings would go toward federal taxes, and many states also tax lottery payouts.
Lottery jackpots grow so large because the odds of winning are so small. For Mega Millions, players have a 1 in 302.6 million chance of taking home the top prize. 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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