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Florida Mega Millions Ticket Holder Wins $800 Million Jackpot
Just the facts
A lottery ticket purchased in Florida successfully matched all winning numbers to claim an $800 million Mega Millions jackpot. The winner has the choice between receiving the full amount via a 30-year annuity or a one-time cash lump sum option, both of which are subject to federal and state taxes. Florida does not levy a state income tax on lottery winnings, meaning the winner will only face federal tax withholdings on the prize. Lottery officials advised the ticket holder to sign the back of the ticket and seek professional financial counsel before claiming the prize.
Why this is news
A single ticket buyer in Florida won the $800 million Mega Millions lottery jackpot, prompting widespread public interest in the payout options.
Sources
This summary is compiled strictly from the original reporting below.