Wednesday, November 26, 2014

Mega Millions jackpot rolls to $400M

By The Herald Staff | 3/17/2014

TOPEKA — Mega Millions has entered the “giant jackpot” zone, with an estimated $400 million jackpot up for grabs in today’s drawing. It’s the third largest Mega Millions jackpot ever.

The cash option on the jackpot is an estimated $224.8 million. If the jackpot was won by one ticket sold in Kansas, and the winner chose the cash option, the winner would receive $157.36 million, after federal and state income withholding taxes were paid. State withholding taxes on the prize would be an estimated $11.24 million.

TOPEKA — Mega Millions has entered the “giant jackpot” zone, with an estimated $400 million jackpot up for grabs in today’s drawing. It’s the third largest Mega Millions jackpot ever.

The cash option on the jackpot is an estimated $224.8 million. If the jackpot was won by one ticket sold in Kansas, and the winner chose the cash option, the winner would receive $157.36 million, after federal and state income withholding taxes were paid. State withholding taxes on the prize would be an estimated $11.24 million.

The largest Mega Millions jackpot ever was $656 million, shared by players in three states, including Kansas.

The Kansas winning ticket was sold in Ottawa for the March 30, 2012, drawing.

The Mega Millions jackpot was last hit on Jan. 3 when a ticket in Tennessee matched all numbers and won $61 million. Today’s drawing is the 21st since then.

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