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Mega Millions Climbs to $900 Million for Tonight’s Drawing

State tax rules plus payout choice determine sharply different take-home amounts.

Overview

  • The Nov. 11 Mega Millions jackpot is estimated at $900 million with a $415.3 million cash option, with the drawing set for 11 p.m. ET.
  • Mega Millions ranks this prize as the eighth largest in the game’s history, with no jackpot winner since June 27.
  • Tickets are sold in 45 states, Washington, D.C., and the U.S. Virgin Islands, with most sales closing one to two hours before the drawing.
  • CNBC, citing USAMega.com, details after-tax payouts by state and explains the annuity versus lump-sum choices, the 24% IRS withholding, and likely exposure to the 37% federal bracket.
  • The Powerball drawing on Nov. 10 produced numbers 6-28-44-48-58 with Powerball 23 and 2x Power Play; after no jackpot winner, the prize rose to about $512 million for Wednesday.