Mega Millions $743M Jackpot: Winning Numbers for July 24, 2026 Drawing Revealed
The Mega Millions jackpot surged to an estimated **$743 million** ($323.4 million cash value) ahead of the Friday, July 24, 2026 drawing, ma...
Winning Numbers (July 7):: 2, 31, 35, 36, 63 and Mega Ball 12. No ticket matched all six.\n- **Jackpot Options:** Winners can choose between **$604 million paid over 30 annual installments** (~$20.1 million/year) or a **one-time lump-sum cash payout of $266.3 million** — the preferred option for most winners.\n- **Federal Tax Impact:** A mandatory **24% federal withholding** reduces the cash payout to ~$202.4 million. With a potential **37% federal marginal tax rate**, the final cash take-home could be around **$167.8 million**.\n- **State Taxes Vary:** Some states, like **New York, tax lottery winnings at 10.9%**, while **Texas, Florida, and California** do not tax lottery winnings at all.\n- **Odds of Winning:** 1-in-290.4 million — slightly better than Powerball's 1-in-292.2 million odds.\n\n**Why this matters:** Understanding the tax implications and payout options is crucial for any winner. The gap between the advertised jackpot and the actual take-home pay can be hundreds of millions of dollars, depending on the choices made and where the winner lives.
What are the exact odds of winning the Mega Millions jackpot?\nA: The odds are 1-in-290,472,336 — slightly better than Powerball's 1-in-292.2 million odds.\n\nQ: When is the next Mega Millions drawing?\nA: The next drawing is on Friday night at 11 p.m. ET. Drawings are held every Tuesday and Friday.\n\nQ: How much does a Mega Millions ticket cost?\nA: Since April 8, 2025, tickets cost $5 per play, which includes a multiplier feature that can increase non-jackpot prizes.\n\nQ: Can I buy Mega Millions tickets online?\nA: Yes, through the official digital lottery courier Jackpocket in select states including Arizona, Colorado, New Jersey, New York, Ohio, and more. Check your state's regulations.\n\nQ: Which states do not offer Mega Millions?\nA: Alabama, Alaska, Hawaii, Nevada, and Utah do not participate in Mega Millions.\n\nQ: What is the deadline to buy tickets?**\nA: Deadlines vary by state, ranging from 15 minutes to over an hour before the drawing. For third-party apps like Jackpocket, it can be up to two hours before the draw.
The advertised $604 million is not the cash value: — the lump-sum payout is $266.3 million, which drops further after taxes.\n- **Federal taxes can take nearly 40% of your winnings**, and state taxes may add more depending on where you live.\n- **Choosing between annuity and lump sum** is a major financial decision that affects long-term wealth.\n- **The odds are extremely long** (1-in-290.4 million), so play responsibly and within your budget.\n- **If you need help with gambling**, call 1-800-GAMBLER or visit [www.800gambler.org](http://www.800gambler.org/?ref=yanuki.com).
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