Mega Millions ticket worth $1 million sold in California

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? As the nation awaits the $498 million Mega Millions lottery winner, someone in California may be $1 million richer.

According to California Lottery's website late Friday night, a ticket worth $1,016,356 was sold at Pavilions on Newport Coast Drive in Newport Coast.

The news comes as Mega Millions held a drawing for the then-top prize of $464 million.

Below were the winning numbers for August 16, which apparently no one got:

22, 38, 48, 51, 61. MB: 5.

The drawing for the almost-half-billion-dollar jackpot will be held on Tuesday, August 20 at 8 p.m. PT.

HOW MUCH DO YOU WIN AFTER TAXES?

There are 498 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 Mega Millions' website, those electing to take the annuity option get one immediate payment followed by 29 annual payments, a process that is identical to Powerball with their payouts.

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