Historic $1.58billion Mega Millions prize won – but lucky Florida ticket holder is facing losing half immediately ...Middle East

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Historic $1.58billion Mega Millions prize won – but lucky Florida ticket holder is facing losing half immediately
A LOTTERY player in Florida has won the $1.58billion Mega Millions jackpot. The eye-watering prize was the third largest in US lottery history and the largest-ever Mega Millions jackpot. A Mega Millions player has won a whopping $1.58billion jackpot It means that the Mega Millions winner can either choose to receive their payment as a lump sum or in 29 installments. If the winner chooses the lump sum, then the prize will be cut to around $783.3million. The lotto player could lose more than $187million as 24 percent will go to the federal government in taxes, per Forbes. But, Florida does not tax lottery winnings, unlike other states such as New York.

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