The Mega Millions jackpot has been growing every ... Assuming you'll defy the 1 in 302,575,350 odds of winning Friday night's draw, you'd still have to decide which payout to choose: A 30-year ...

While players in every state are vying for the same record-setting prize, not every state would offer the same payout. Mega Millions jackpots, as well as any large lottery prize, are subject to taxes.

When claiming your Mega Millions prize, you have two primary payout options, each with different tax consequences: Lump Sum Payment: Most winners choose this option because it provides immediate ...