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Mega Millions jackpot soars to $636 million

by jmaloni


Tue, Dec 17th 2013 05:20 pm

The jackpot for tonight's Mega Millions multistate drawing is now $636 million.

A jackpot winner would have 60 days from the date he or she claims the jackpot winning ticket to elect to receive the prize as a lump sum or annuity. The current cash (lump sum) value of the updated jackpot is $341.2 million before required tax withholdings. The annuity payment provides for an initial payment followed by 29 annual payments. Each annuity payment is 5 percent larger than the previous one.

The largest Mega Millions jackpot to date was the March 30, 2012, drawing for $656 million. Three players from Illinois, Maryland and Kansas split the jackpot. 

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