Mega Millions: The kids from Good Day LA say what they would do if they won a billion dollars
This is how the children would spend the money.
Feeling lucky? While the entire nation awaits the Mega Millions lottery winner, who will win $498 million, someone in California could be a million dollars richer.
According to the California Lottery website, a ticket valued at $1,016,356 was sold late Friday night at the Pavilions on Newport Coast Drive in Newport Coast.
The news came as Mega Millions held a drawing for what was then the top prize of $464 million.
Below are the winning numbers from August 16, which apparently no one guessed correctly:
22, 38, 48, 51, 61.MB: 5.
The drawing for the nearly half-billion-dollar jackpot will take place on Tuesday, August 20th at 8:00 p.m. PT.
HOW MUCH DO YOU PROFIT AFTER TAXES?
There are 498 million reasons to dream, especially about what you would do with the jackpot money. However, all lottery winners must expect to pay taxes on their winnings.
So how much do you actually have left after taxes?
This depends on several factors: Do you have to pay taxes where you live? Are you taking the lump sum payment or the pension payment?
According to the Mega Millions website, those who choose the annuity option will receive an immediate payment followed by 29 annual payments. The process is identical to Powerball in terms of payouts.
RELATED: Powerball Payout Calculator: How Much Would You Get After Taxes If You Won?
