A new year, a new massive lottery jackpot is up for grabs: Friday's Mega Millions prize has reached $940 million, less than two months after the record $2.04 billion Powerball haul.
That's a sizable sum, although the actual amount winners will receive depends on a few factors: Whether they take the lump-sum cash payment or the annuity (most take the former); whether they live in a state that levies state taxes on lottery winnings; and how many other winners there are.
