$820 million Mega Millions jackpot

If you missed the $1 billion Powerball jackpot last week, you may still win the $820 million Mega Millions jackpot.

If you win the Mega Millions jackpot, you can choose between a lump sum cash payout (estimated at $422 million) or an annuity

The California Lottery Winner's Handbook states that all state lotteries

Some jurisdictions, including California, don't withhold taxes on lottery wins.

USA Mega estimates that a Tuesday Mega Millions winner who takes the lump sum cash option will get almost $265 million. 

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Where are Powerball, Mega Millions jackpot tickets sold most? Financial gurus warn that big prize winners often grab the money.

Even though one lady claimed to win the big sum, the winner has not been revealed.

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