About Mega Millions|Find the anwers, about your Mega Millions questions.
Jan
06
Person asked:
The odds of winning the mega millions jackpot are 1 in 176 million and tickets are one dollar, so how high would the advertised jackpot have to be to get more than $176,000,000 via the cash option and after taxes (assuming 6% state income tax and not sharing the jackpot with someone else?).
The odds of winning the mega millions jackpot are 1 in 176 million and tickets are one dollar, so how high would the advertised jackpot have to be to get more than $176,000,000 via the cash option and after taxes (assuming 6% state income tax and not sharing the jackpot with someone else?).
I know they automatically withold 29% or something for federal taxes, but I hear it never ends up being enough and you have to pay more.
Lauren
Comments
flowersinbloom25 on 7 January, 2009 at 8:03 pm #
I say anytime it reaches over the 150 million mark
D R on 7 January, 2009 at 8:28 pm #
I WOULD THINK THAT YOU WOULD WANT TO GET TO ATLEAST 250 MILLION
fah-q on 10 January, 2009 at 4:43 pm #
12 million…. the jackpot just hit and it is on a hot streak so it is likely to hit again…lotta chumps out there not willing to waste a dollar on a measly 12 million jackpot so now it is likely to only have 1 winner. now , if you should happen to match 3 numbers you are personally on a hot streak so if the mega millions is still under 20 million the next time play it again….my theorem is dead on and I challenge any mathematician to dis-prove it
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