(NEXSTAR) — Another Mega Millions jackpot is brewing — this time, a $607 million prize that ranks among the largest in history. You won’t, however, be taking home $607 million if you’re lucky enough to win. This jackpot has been building since two tickets — both sold at the same California gas station — landed a $394 million prize in December. After no ticket was able to match the winning numbers drawn Tuesday, the Mega Millions jackpot rolled to an estimated $607 million. According to game officials, this is only the eighth time the Mega Millions jackpot has surpassed $600 million. It now ranks as the eighth-largest jackpot in Mega Millions history, standing behind a $648 million prize won by two tickets, sold in California and Georgia, in 2013. But if you win, depending on where you live, the jackpot may feel much, much smaller.Here’s why. If you’re familiar with big lottery prizes or other gambling wins, you know you have to pay taxes on your prize. How much you pay will depend on w...
