Do you have the winning Mega Millions numbers for August 7? There’s a $20 million jackpot up for grabs on Friday night — match all six numbers and you will be the lottery’s newest multi-millionaire.
Get your ticket ready and watch the Mega Millions drawing live at 11 p.m. ET using the lottery’s free LotteryHUB app for your iPhone, iPad, or Android devices. If you miss the live drawing, enter your ticket numbers into the app and it will automatically alert you if you win the jackpot or a non-jackpot prize.
The Mega Millions numbers for August 7 are: 1-38-53-63-66 MB 10 Megaplier 3
The last time a jackpot was given away was July 31, when one lucky lottery player in Missouri won $25 million. The winner came forward this week and had a big surprise in store when he cashed in his ticket at lottery headquarters.
According to FOX 2 in St. Louis, Raul Ahumada brought his ticket to the Missouri Lottery’s Springfield office thinking he had a ticket worth $25,000. Lottery officials verified the ticket and informed him that he won much more — $25,000,000. Ahumada, 60, plans to use some of his surprise windfall to buy a “nice mountain home.”
Friday night’s jackpot isn’t the biggest in lottery history, but $20 million is enough to make life a little more comfortable. Keep in mind, a lump sum payment is based on the cash value of the jackpot, so the grand prize winner won’t be taking home $20 million. If there is a jackpot winner on August 7, the one-time payment would be $12.4 million before federal and state taxes are taken out.
According to USA Mega, 25 percent of the jackpot is immediately withheld for federal taxes, leaving the winner with $9.3 million. Unless the winner lives in a state that doesn’t tax lottery winnings (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming) state tax will also be deducted from the jackpot.
Mega Millions jackpot winners can also choose a 30-year annuity, with the entire $20 million jackpot paid to the winner in yearly increments. An initial payment of approximately $666,667 (before taxes) would be issued shortly after the ticket is presented at lottery headquarters, with annual payments made for the next 29 years. According to the Mega Millions website, each yearly payment would include a five percent cost of living increase.
Mega Millions drawings take place on Tuesdays and Fridays at 11 p.m. ET. Tickets are $1 each and are currently sold in 43 states, the District of Columbia, and the U.S. Virgin Islands. Many lottery retailers close ticket sales 15 minutes before the drawing, while others cut off sales an hour prior to the drawing.
[Image: Kevork Djansezian/Getty Images News]