Mega Millions Math
The Mega Millions lottery jackpot is a record-breaking $540,000,000. If you win, here’s how it would break down.
This is assuming you are the only winner, you opt for the annuity (paid-out over 26 years), and one-third goes to Uncle Sam for taxes.
Each year, for the next 26 years, you would receive a check for $20,790,000. After taxes, you would have about $13,720,000 to play with.
That works out to about $1,143,300 per month, every month, for the next 26 years.
Assuming four weeks per month, that breaks down to $285,800 per week, every week, for the next quarter century.
That $285,800 per week, if you were to work a 40 hour week, is the same as getting paid $7,145 per hour or $119 per minute.