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Mega Millions: Good Day LA kids say what they would do if they won a billion dollars
Here's how the kids would spend the money.
Feeling lucky?
The winning numbers for Mega Millions' highly-anticipated $284 million jackpot were drawn on May 3.
Mega Millions released the winning numbers on Friday, which were the following:
6, 13, 15, 53, 56. MB: 11
As of 8 p.m., officials did not say if the jackpot winner had been identified.
Say, if you don't win the top prize, don't throw away your tickets just yet. Lottery players with multiple matching numbers can score a decent consolation prize. For example, a ticket with five matching numbers for Mega Millions – which is worth $392,000 – was sold in California during the May 1 drawing.
PREVIOUS COVERAGE: Mega Millions ticket worth $392,000 sold in California
HOW MUCH DO YOU WIN AFTER TAXES?
There are 284 million reasons to dream, especially what you would do with the jackpot money. However, one thing all lottery winners have to take into account is the fact that their prizes will be taxed.
So how much do you really get after taxes?
It depends on a couple of factors: do you have to pay state taxes where you live? Will you take the lump sum payment or the annuity payout?
According to Powerball's website, those electing to take the annuity option are guaranteed to get 30 gradual payments over a 29-year period.
RELATED: Powerball payout calculator: How much would you get after taxes if you won?