Mega Millions Jackpot Rises To $542 Million—Here’s What The Winner Could Take Home After Taxes ^31.8%

Forbes - By Siladitya Ray - 7/1/2026, 8:24 AM

Framing Effect 26.6% - Ambiguity (Equivocation) 23.2% - Biased Writer Voice 20.9%

The Mega Millions jackpot soared to $542 million—becoming the biggest lottery prize of the year so far—after no tickets matched all six numbers drawn on Tuesday night, although the eventual winner will take home a much smaller payout after taxes and deductions. The Mega Millions jackpot prize rose to $542 million after Tuesday's draw.... more