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Mega Millions Jackpot Reality Check | Richmond News

Mega Millions is offering its biggest jackpot yet this year—but don’t get too excited: federal taxes will steal over 30%, and most states will hit you with their own lottery tax, leaving winners with just half the advertised prize. It’s the third major jackpot of the year, following huge wins in Illinois and Ohio. Odds? One in 295 million. Still, someone’s gotta win eventually. Next draw’s Friday night—tickets cost $5 and are sold across 45 states and the U.S. Virgin Islands. Meanwhile, Powerball’s also stacked at $457 million, drawing Saturday—and it’s one of the last chances to play before…

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