Didn't Win Big in Mega Millions? Don't Throw Out That Ticket
Do you know all the ways to win in Mega Millions?
If you didn't win the $640 million pot Friday night in the Mega Millions drawing, then be sure to check your tickets carefully. You could still have won something. It may not be millions and millions, but it may be as little as $2. The Mega Millions website lists the prizes along with nine ways to win. Here's the breakdown and what you could win: If you win the jackpot, you can choose 26 annual payments. For every $1 million in the jackpot, you get about $38,500 per year before taxes. So, the winner of $640 million can get about $24.6 million a year before taxes. A second option is to take a one-time, lump-sum payment equal to the cash in the jackpot pool. Chances of winning the jackpot are 1 in 175,711,536. Overall chances of winning a …
