Mega Millions Ticketholder In Texas Wins $800 Million Jackpot
A single ticketholder from Texas won the $800 billion Mega Millions jackpot on Tuesday—the fourth biggest lottery prize of the year so far—although they will take home a significantly smaller amount after paying their taxes.
Key Facts
Mega Millions announced a ticket sold in Texas matched all six numbers drawn on Tuesday night: 1, 2, 16, 24 and 66, plus the gold Mega Ball 6.
The winner now has to choose between receiving the full $800 million payout split across 30 annual installments, or a lump sum cash prize of $404.2 million—usually the popular pick among winners.
The cash prize will drop to $307.2 million after a mandatory federal tax withholding of 24% is deducted.
Depending on their taxable income, the winner could face a federal marginal rate as high as 37%, which would further slash their winnings to $254.6 million.
If the winner chooses the installment route, their annual payments of $26.7 million would drop to $16.8 million if the 37% federal marginal rate is applied.
Unlike several other states, Texas does not tax lottery winnings.
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FOR IMMEDIATE RELEASE – For more information, contact Gabrielle Davis at 501-683-1646.
Mega Millions Jackpot Soars to $800 Million
Sept. 9, 2024
LITTLE ROCK, Ark. — The Mega Millions® jackpot soars to $800 million for Tuesday night’s drawing.
Mega Millions drawings occur every Tuesday and Friday at 10 p.m. CST. Five balls numbered 1 to 70 and one ball numbered 1 to 25 are drawn. A Mega Millions player must match all six numbers drawn to win the jackpot. Winners have 180 days from the draw date to claim their prize.
Tickets are $2 per play. For an additional $1, players can purchase the Megaplier® option to multiply any non-jackpot winnings by 2, 3, 4 or 5 times. Ticket sales cut off at 9:45 p.m. the night of the drawing.
Mega Millions tickets can be purchased online or at licensed Arkansas lottery retailer. Visit the Where to Play page on the Arkansas Scholarship Lottery website for more information about purchasing lottery tickets online.
For more information on lottery games and how to play, visit MyArkansasLottery.com.
About the Arkansas Scholarship Lottery
The Arkansas Scholarship Lottery (ASL) creates winning people, winning futures, and winning moments. Since 2009, the ASL has sold over $7.5 billion and returned more than $1.4 billion for scholarships to benefit Arkansas students. More than 770,000 college scholarships distributed by the Arkansas Department of Higher Education have been awarded to Arkansans. The lottery has awarded more than $5 billion in prizes to players, more than $424 million in retailer commissions, and provided more than $178 million in state and federal tax revenue.
Follow the Arkansas Scholarship Lottery on Facebook, X, formerly known as Twitter, and Instagram. Visit MyArkansasLottery.com fo
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