Mega Millions jackpot is $785 million. Why the lump sum is overrated

This could be a very good year for one lucky winner of the fourth-largest jackpot in Mega Millions history. And yet, kicking off 2023 with $785 million could have a downside. “The curse of the lottery losers is very real,” said Andrew Stoltmann, a Chicago-based lawyer who has represented several recent lottery winners. One of … Read more

Mega Millions jackpot is $785 million. Here’s the tax bill

Anadolu Agency | Anadolu Agency | Getty Images Of course, the advertised amount is only what you’d get if you were to choose to take your winnings as an annuity spread over three decades. The lump-sum cash option — which most winners choose — for this jackpot is $403.8 million, as of midday Tuesday. Regardless … Read more

FOX Bet Super 6: Terry’s $100,000 NFL Sunday jackpot at stake in Week 12

By Erica Renee DavisSpecial to FOX Sports Food, family and football. Thanksgiving is here, so of course, those are the unofficial themes for Week 12 of the NFL. Add to that list shopping, hardcore napping and counting down the days til the new year. Are we getting ahead of ourselves? Okay, fine. Back to the … Read more

FOX Bet Super 6: Try your luck at $25,000 College Football Pick 6 jackpot

By Erica Renee DavisSpecial to FOX Sports Week 12.  The penultimate week of the college football regular season. Was it not just yesterday when we were fawning over Oklahoma being ranked sixth in the country? Remember when Syracuse was ranked in the top 15 and gave opponents all the smoke?  Now OU couldn’t sniff the … Read more

California ticket wins record $2.04 billion Powerball jackpot

California ticket wins record $2.04 billion Powerball jackpot – CBS News Watch CBS News An unidentified person purchased the winning Powerball ticket in Altadena, California. The historic drawing was delayed by half a day. Christina Ruffini has the details. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. … Read more

Winning ticket for Powerball $2.04 billion jackpot sold in California

Anadolu Agency | Anadolu Agency | Getty Images California does not tax lottery winnings While the IRS will scrape 24% — or $239.4 million — off the top for federal tax withholding, California does not tax lottery winnings, according to the state’s lottery winner’s handbook. So if the winning ticket holder lives in the Golden … Read more

Powerball results for $2.04 billion jackpot after drawing delay

Powerball sign and lottery tickets are seen at a 7-Eleven store in Milpitas, California, on Nov. 7, 2022. Tayfun Coskun | Anadolu Agency | Getty Images The drawing for a record Powerball jackpot topping $2.04 billion was held Tuesday morning after a delay because of issues with just one state processing ticket sales. The headline … Read more

Powerball used to have a jackpot limit. Then it exploded

New York CNN Business — The latest Powerball lottery jackpot topped $2 billion, making it the largest lotto prize ever. But in 1987 when Lotto America, the precursor to Powerball, was introduced, organizers prohibited jackpots of more than $80 million. “There were concerns about what you could do with that money — like buy a … Read more