No one won the Mega Millions jackpot this past Tuesday and tonight’s drawing will now be the third biggest lottery jackpot of all time.
The Mega Millions jackpot is now sitting at $1.28 billion, up from Tuesday’s jackpot of $810 million. The cash option for the jackpot will be $747.2 million and whoever wins that amount will owe a lot of money in taxes.
There is a mandatory 24% federal tax withholding, which would reduce the winnings by at least $179.3 million. This means you would take home about $567.9 million if you win the jackpot and choose the cash option, which is still a huge amount!
So, what are the top 10 biggest jackpots of all time? Number one is nearly double this current amount! Click through the slideshow to see the top jackpots of all time…
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