According to Mega Millions' website, those electing to take the annuity option get one immediate ... RELATED: Powerball payout calculator: How much would you get after taxes if you won?

Did you play the Mega Millions? Check the winning numbers for the Friday, April 18, 2025 drawing here. Someone in Ohio won ...

Will you take the lump sum payment or the annuity payout? According to Mega Millions' website, those electing to take the annuity option get one immediate payment followed by 29 annual payments ...

As for Mega Millions jackpot winners, the payout options are similar. They must choose between an an annual payout or a cash option. The annuity option "provides for an initial annual payment ...

The odds of matching the five white balls and Mega Ball to win the Mega Millions jackpot are 1 in 290,472,336. The annuity is paid out as one immediate payment followed by 29 annual payments ...

The Mega Millions annuity is paid out as one immediate payment followed by 29 annual payments. Each payment is 5% bigger than the previous one to keep up with inflation. For a typical jackpot of $ ...

The largest Powerball jackpot in history, $2.04 billion, was won in November 2022 in California, while the largest Mega Millions jackpot ... can choose to receive an annuity paid over 30 years ...

When someone wins a lottery jackpot in games like Powerball or Mega Millions they have two options: an annuity that is distributed over 29 years or a (significantly smaller) cash payout.