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Florida Resident Wins $800M Mega Millions Jackpot!
29 Jul
Summary
- A Florida ticket won the $800 million Mega Millions jackpot on July 28, 2026.
- The winning numbers were 34, 48, 49, 59, 70 and Mega Ball 12.
- Florida has no state income tax, so lottery winnings are not taxed.
A Florida resident has become hundreds of millions of dollars richer after a lucky ticket hit the Mega Millions jackpot. The winning numbers drawn on Tuesday, July 28, 2026, were 34, 48, 49, 59, 70, and the gold Mega Ball 12. This prize of $800 million is the highest lottery payout of the year to date.
The winner has two options for claiming the prize: 30 annual installments or a one-time cash payment of $344.2 million. Choosing the lump-sum payout means the amount would be reduced to approximately $261.6 million after mandatory federal tax withholding. This could be further reduced to about $216.8 million depending on the winner's total taxable income.
For those who opt for the annuity, annual payments would be around $26.7 million before taxes. After a 37% federal tax, each yearly payment would be approximately $16.8 million. Importantly, Florida residents benefit from the state's lack of income tax, meaning lottery winnings are not subject to state taxes.
