According to reports, the winner of the $1.28 billion lottery is set to collect $433.7 after taxes. The $1.28 billion prize is the second-largest jackpot in Mega Millions lottery history, according to Forbes. It was previously reported that the winning ticket for the massive prize was purchased in Illinois. After taxes, that comes out to $433.7 million. The amount would come to around $37 million in taxes.

Source: Forbes August 08, 2022 19:24 UTC