Friday’s Mega Millions jackpot is $1.15 billion, or $516.1 million in cash. The prize surged since its last drawing on Christmas Eve, when no winner took home the estimated $1 billion jackpot. If won Friday,

As the Mega Millions jackpot continues to rise to higher and higher numbers, here is what you need to know ahead of the next drawing.

While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.