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Big lottery tonight10/10/2023 ![]() ![]() While it is not necessary for a group of people to form a legal entity to claim the cash option, the Lottery asks a group of winners to form a legal entity with an assigned tax identification number for a jackpot prize paid in annual installments. The group members must decide on one payment option it is not possible for some group members to take the cash option and others to choose the annuity. The Powerball or Mega Millions jackpot prize may be paid in the annuity payment format or the single payment cash option. ![]() The Federal Form 5754 allows the Lottery to send a separate W-2G tax form to each individual winner noting the amount won and withheld on their behalf. The person receiving the check for the group also provides picture identification and is responsible for distributing the winnings to the group members.įor a prize paid in a single payment, the check recipient may choose to complete a Federal Form 5754 that ensures the tax obligation of the prize is distributed among the group members according to the gross prize amount of each person’s share. Each member of the group provides a completed IRS Form W-9 for tax reporting purposes at the time of the claim. The prize check is issued to either one person or legal entity (partnership, trust, etc.). history and the fourth largest Mega Millions jackpot.The prize on a winning lottery ticket may be split among a group of ticket owners however only one prize check is issued. RELATED: What to consider if you win the lotteryįriday's top prize of an estimated $940 million could be the sixth largest jackpot of any lottery game in U.S. There have now been 23 straight drawings without a big winner. Three of those had the Megaplier option, meaning they are worth $4 million each. The lottery said no winning ticket was sold that matched all six numbers.īut there were six tickets sold that matched 5/6 numbers and could be worth $1 million or more, depending on the state. ![]() Since no one won the jackpot, it has grown to an estimated $940 million for Friday, with a cash option of $483.5 million. The winning numbers for Tuesday's drawing were: 25-29-33-41-44 and Mega Ball: 18. Tuesday was the first Mega Millions drawing of the new year, with a jackpot of $785 million. The Mega Millions jackpot is now nearly one billion dollars after there was no winner for the top prize in Tuesday night's drawing. ![]() The Mega Millions jackpot is now nearly one billion dollars after no won the top prize in Tuesday night's drawing. ![]()
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