As the next Mega Millions drawing Tuesday draws near, many are getting ready to buy their tickets. But is it worth buying that $2 ticket?
Ah, but even if you somehow beat the odds you are not going to get $810 million.
And then there are federal taxes, which will slice 37% off that cash prize, so that would leave less than $300 million, though state taxes could cut into that amount as well, depending on where the winner lives. Still a fortune, but a smaller fortune. That also doesn't account for the possibility that someone else will match the winning numbers, meaning they would need to divide even those smaller winnings in half or more, depending on the number of lucky players.
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