mega million's jackpot jumps to $681 million here's how much a winner could take home after taxes the jackpot has jumped to $681 million after no tickets matched all six numbers last Friday night the next draw is scheduled for Tuesday offering a significant Prize winners can choose between 30 annual payouts or a $336.14 $ 4 million after 24% federal tax withholdings state taxes May further reduce winnings with States like New York taxing up to 10.9% two tickets from Florida and Wisconsin matched five numbers winning $1 million and $4 million respectively the odds of winning the Mega Millions jackpot are one in32 m575 350 making it an incredibly rare event