The Mega Millions jackpot is the third highest in U.S. history, and if you won it you’ll likely owe taxes on the $780.5 million lump sum or annuity over 30 years. In addition to federal income tax, winners of a lottery must pay state income tax as well. In Illinois, winnings are taxed at the state’s rate of 4.95%. However, winners in higher-tax states may be required to pay more than that.

You can view the current lottery jackpot amounts at lottery websites. The Mega Millions jackpot is $1.537 billion and was won on Oct. 23, 2018. The Powerball jackpot is $101 million and currently has a cash option of $58.7 million, and a $1 billion prize is possible if you win.

If you’re looking to increase your odds of winning, consider joining a lottery pool. This is a great way to split your prize with friends and family. This also helps you to increase your chances of winning and minimize your risk of losing your money. While lottery pools can help you boost your chances of winning the jackpot, there’s no guarantee of a payout.

If you’re looking for a big win, the Mega Millions lottery is for you. Tickets cost $2 and the Megaplier option costs $1. The deadline for purchasing tickets is July 29 at 10:45 p.m. There’s a chance you’ll win, but the odds of winning are extremely low.