How much a Mega Millions jackpot winner pay as taxes.

Mega Millions jackpot has announced a new $1.28 billion cash prize winner.

But you will amazed to hear that winner will only receive $433.7 million.

Small lottery association is not able to come up with that much of billion dollars at once.

Due to that winners are offered for a large prize at once or a series of smaller payment over time.

If a winner chose for an installment Mega Millions lottery utilizes the installment of sum over a period of time.

Utilisation of such installment of sum was most recently valued at $1.28 billion.

It was the second largest jackpot in Mega Millions history.