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Mega Millions: How much of the $1.58 billion will you actually take home?

Published Wed, 26 Feb 2025 02:09:33 GMT

DENVER (KDVR) -- The next Mega Millions drawing happens Tuesday night, and with a historic estimated jackpot of $1.58 billion, you might be wondering how much of that you'll see if you win.First, you should know that the estimated cash value is $783.3 million, not $1.58 billion. That's what you'd get if you chose the popular lump sum option.So, assuming you win, and assuming you take the lump sum, how much would you actually pocket after state and local taxes?How much taxes are taken out?The federal government automatically takes 24% in tax withholdings on all prizes over $5,000.So, at a cash value of $783.3 million, the federal taxes withheld from your prize before you even see a cent would be a little over $187.9 million. That leaves you with $595.3 million.And the tax withholdings don't end there, because Colorado takes 4% of your prize, which in this case works out to around $31.3 million. Tuesday’s Mega Millions jackpot largest in US history So, after that combined 28% in tax...

Only 2 Colorado athletic programs paid for themselves last year

Published Wed, 26 Feb 2025 02:09:33 GMT

DENVER (KDVR) -- Colorado's college athletic programs have wracked up more expenses than they're able to pay for on their own, according to a state report. The Colorado Office of the State Auditor released a report to the Colorado General Assembly in August detailing how much support athletics programs need from their respective universities and colleges. Since 2013, athletic expenses grew faster than their revenue from ticket sales, contributions and media licensing. In total, 11 schools with athletics programs did not pay their own way in 2013, 2016, 2019 and 2022. ‘The brr is back’: Farmers’ Almanac releases winter forecast for Colorado All told, Colorado's college athletics programs needed $54 million from their institutions to cover their financial shortfalls.Last year, only two of dozens of Colorado programs managed to pay their own expenses: University of Colorado Boulder Buffaloes football and men's basketball. In the case of football, CU's program made handsomely more tha...

6-year-old boy who shot teacher later boasted about it, affidavit says

Published Wed, 26 Feb 2025 02:09:33 GMT

(CNN) — A 6-year-old who shot his teacher in January later boasted in a conversation with a school employee that “I shot that b[ ] dead,” according to unsealed redacted search warrants.The documents obtained from CNN affiliate WTKR describe what happened after first grade teacher Abigail Zwerner was shot on January 6 at Richneck Elementary School in Newport News, Virginia.“I did it,” the boy told school officials, according to police in an affidavit. “I got my mom’s gun last night.”Unsealed records of Zwerner’s statement to police at the hospital said that when the boy drew the weapon from his pocket and pointed it at her, she asked, “What are you doing with that?”Zwerner told authorities the boy paused, “then fired one shot that struck Zwerner in her left hand and upper torso,” the affidavit obtained by affiliate WTKR said. Zwerner fled the classroom to the school office, according to the affidavit.The teacher suffered gunshot wounds to her hand and chest but survived.A lawyer for ...

What to know about the latest dominant COVID-19 variant

Published Wed, 26 Feb 2025 02:09:33 GMT

A fast-spreading new subvariant of the coronavirus that causes Covid-19 — nicknamed “Eris” by health watchers but formally known as EG.5 — recently became the most prevalent strain in the country, according to recent official estimates, though it does not appear to cause significant illness or pose immediate danger.According to a CDC estimate from Saturday, the EG.5 variant makes up approximately 17 percent of all Covid cases in the U.S., making it the most dominant strain of the disease. That number is an increase from the roughly 12 percent share of EG.5-variant cases among all strains in a July 22 calculation. The variant has also been reported in several countries.The dangers from Covid have sharply declined with vaccinations, but new variants have continued to arise. The EG.5 variant exists under the Omicron family of strains that began circulating in late 2021 and has since birthed several mutations.New variant does not currently prompt concernMedical experts have said that EG...

Methuen police officer arrested following child pornography investigation

Published Wed, 26 Feb 2025 02:09:33 GMT

A Methuen police officer is on administrative leave as he faces a charge of possessing child pornography, after state police received a tip from the National Center for Missing and Exploited Children, according to officials.Matthew Bistany, 51, was arrested at his home in Methuen Tuesday morning as part of an investigation launched by the Massachusetts State Police Internet Crimes Against Children Task Force, according to MSP spokesperson Dave Procopio.Procopio said the investigation started earlier in 2023, after the task force received a report from the National Center for Missing and Exploited Children documenting how child sexual assault material had been uploaded from an IP address the MSP’s Cyber Crimes Unit later connected to Bistany.Following his arrest by state police troopers and Methuen PD, the 51 year old was arraigned in Lawrence District Court and ordered held on $5,000 bail.“Upon learning of these allegations, Officer Matthew Bistany was immediately placed...

Extreme heat is the deadliest natural disaster. FEMA can’t treat it like one

Published Wed, 26 Feb 2025 02:09:33 GMT

(CNN) — Extreme heat is far deadlier than other natural disasters, killing on average more than twice as many people each year as hurricanes and tornadoes combined, according to data tracked by the National Weather Service.Despite this, heat isn’t on the list of disasters eligible for assistance from the Federal Emergency Management Agency because it’s nowhere in the Stafford Act – the federal law that gives FEMA the power to respond to emergencies and determines what qualifies as one.As President Joe Biden travels West this week to celebrate the Inflation Reduction Act, Democrats’ landmark climate law, and tout his climate agenda, temperatures in the Southwest are still topping out above 100 degrees. Phoenix clocked its 44th consecutive day over 105 degrees on Monday, and the extreme heat has wilted the Southwest’s iconic saguaro cactuses and given third-degree burns to people who fell on the sidewalk.Phoenix Mayor Kate Gallego rece...

Red panda twin babies born at UK zoo boost species’ endangered population

Published Wed, 26 Feb 2025 02:09:33 GMT

(CNN) — The endangered red panda population recently received a boost in the form of adorable twin babies.The United Kingdom’s largest zoo welcomed the cubs as part of a European breeding program dedicated to saving the species.They were born June 25 at Whipsnade Zoo in Whipsnade, England, located 35 miles northwest of London, zoo officials announced Wednesday. The conservation zoo is home to over 11,000 animals.The first children of mother Ruby and father Nilo weighed nearly 4 ounces at birth – around the same weight of a banana, according to the zoo.“We suspected Ruby was pregnant and wanted to do everything we could to make her first experience as a mum a smooth one, so we were ecstatic when we spotted her curled up in one of the nesting boxes we had prepared, using her bushy red tail to keep the two cubs warm,” zookeeper Grant Timberlake said in a news release.The young red pandas have yet to leave their straw-filled nest while under the care of their parents, the zoo ...

Moore: New banking regulations could sink economy

Published Wed, 26 Feb 2025 02:09:33 GMT

Banking is just about the most regulated industry in America. Yet, as we saw with the collapse of Silicon Valley Bank and others in recent months, lenders are not invulnerable to failure due to bad management or unexpected changes in economic conditions.The inevitable response is for more regulation on all banks. But sometimes regulators can make conditions worse for healthy banks. The most famous example in recent times was when financial regulators urged banks to issue inordinate amounts of new “safe” mortgages leading up to the great financial crisis of 2008, ultimately flooding the financial system with toxic debt.Now with some banks under financial stress because of higher interest rates, Congress and the Federal Reserve want to raise bank capital reserve requirements. Presumably, this means holding more government bonds, many of which dropped precipitously in value last year as interest rates spiked higher.Federal Reserve Vice Chair for Supervision Michael Barr rec...

Taylor Swift, SZA lead 2023′s MTV Video Music Award nominations

Published Wed, 26 Feb 2025 02:09:33 GMT

By David Matthews, New York Daily NewsTaylor Swift and SZA are the top nominees for the upcoming MTV Video Music Awards.Swift leads the pack with eight total nominations as she looks to win her first-ever Song of the Year award for “Anti-Hero” off her acclaimed 2022 album “Midnights.” The hit is also nominated for Best Pop Song, while its music video has earned nods for Best Direction, Best Cinematography, Best Visual Effects, Best Editing and Video of the Year.The “Lavender Haze” singer is also nominated for Artist of the Year, along with Beyoncé, Doja Cat, KAROL G, Nicki Minaj and Shakira.Singer-songwriter Taylor Swift performs during her Eras Tour at Sofi stadium in Inglewood, California, August 7, 2023. (Photo by MICHAEL TRAN/AFP via Getty Images)SZA is next up with six nominations. Her hit “Kill Bill” is nominated for Video of the Year, Song of the Year, Best Direction, Best Art Direction and Best Editing. She’s also nominated in the Best R&B category for “Shirt.”Doja Cat, ...

Davis: Marathon bombing proves FirstNet needed

Published Wed, 26 Feb 2025 02:09:33 GMT

During and after the bombings at the 2013 Boston Marathon, a massive influx of calls and texts caused major communications challenges for public safety.First responders had a hard time connecting and coordinating. Public safety leadership suffered limited visibility and management of the incident was hampered.Our public safety heroes rose to the occasion that day, but the challenge and experience drove home the need for better technology. It emphasized just how crucial quality communication is for public safety.Ten years later, during the 2023 Boston Marathon, first responders at the event saw 99 percent reliability in their wireless connectivity, with no dips in service even during the peak hours of 10 a.m. to 12 p.m.What difference did a decade make? The implementation of FirstNet, a dedicated public safety network.A public-private partnership overseen by the federal government, FirstNet is approaching Congressional reauthorization. As I testified before the Senate Homeland Securi...