Friday’s Mega Millions drawing is worth an estimated $1.22 billion, evoking headlines and likely luring more people to convenience stores with dreams of private spacewalks above the Earth.

Winners can either take the cash payout of $549.7 million or the $1.22 billion annuity paid out over 30 years.

While an automatic 24% is withheld upfront, you would almost certainly owe a total of 37% when you file your 2024 tax return.