LOTTERY officials increased the Mega Millions jackpot on Thursday to $660million, offering players a chance to win what would be the ninth-largest jackpot in the country.
The lack of a winner for the past three months caused the jackpot for Friday night’s drawing to increase significantly.
The Mega Millions jackpot has been steadily increasing from its $20million starting position since April thanks to those 27 straight games during which no one has successfully matched all six numbers.
The award that is featured is a $660million annuity that will be paid out in 30 annual installments to the winner and the cash option, which was worth $388million for Friday’s drawing, is typically chosen by participants.
Mega Millions draws take place every Tuesday and Friday at 11pm ET – and the winning numbers for July 22, 2022 were 14, 40, 60, 64, and 66.
The Mega Ball was 16 and the Megaplier was 3x.
Read our lottery live blog for the latest results and winning numbers…
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Remember: Your winnings can and will be taxed
The IRS can take up to 40 percent of lottery winnings.
The winnings can be further taxed, depending on the state the winner is in.
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Winners go bankrupt
An estimated 70 percent of lottery winners spend all of their winnings quickly.
They end up losing the rest of their money within seven years of winning the jackpot.
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Building generational wealth
In 2011, Jim and Carolyn McCullar from Washington won half of a $380million Mega Millions jackpot.
Back when the couple…
