As the Mega Millions jackpot continues to rise to higher and higher numbers, here is what you need to know ahead of the next drawing.

Friday’s Mega Millions jackpot is $1.15 billion, or $516.1 million in cash. The prize surged since its last drawing on Christmas Eve, when no winner took home the estimated $1 billion jackpot. If won Friday,

While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.