$1.13B Mega Millions win after taxes. What will the N.J. winner have to pay?
The massive $1.13 billion Mega Millions jackpot means a huge financial windfall for New Jersey’s lottery winner, but before they can start spending, taxes will take a big chunk of the prize. The Mega Millions winner is expected to take home less than half the advertised worth of their winning ticket, after state and local taxes.
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