Megamillions.com

As anticipation peaks for Monday night’s $900 million Powerball draw, would-be billionaires should keep one crucial thing in mind: Uncle Sam will want his share. So, before you start fantasizing about a billionaire lifestyle, keep in mind that the jackpot will shrink significantly after taxes...

As of last week, the Mega Millions lottery jackpot had increased to $1.6 billion — its highest to date. According to USAMega.com, this enormous jackpot can be received in annual allotments, or a single lump sum, both of which include plenty of federal and state taxes. Here are the eight...