$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever

2024-12-25 01:22:15 source:lotradecoin payoutschedule category:News

A estimated $1.05 billion Mega Millions jackpot will again be up for grabs Tuesday night, giving lottery players a chance to snap an unlucky streak that has stretched on for months.

No one has won the Mega Millions jackpot since April 18, allowing it to roll over again and again until it reached its status as tied for the seventh-largest in U.S. history. Tuesday night’s drawing will be the 30th since someone last won the jackpot.

The drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $1 million to $2, are significantly better.

The $1.05 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $527.9 million.

Winners also would be subject to federal taxes, and many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

More:News

Recommend

Netizens raise privacy concerns over Acra's Bizfile search function revealing citizens' IC numbers

Online netizens raised privacy concerns over the search function on online portal Bizfile, which all

Detroit Lions release CB Cam Sutton after alleged domestic violence incident

The Detroit Lions released cornerback Cam Sutton on Thursday, one day after a warrant issued against

Summer House's Lindsay Hubbard and Carl Radke Only Had Sex This Often Before Breakup

Lindsay Hubbard and Carl Radke weren't necessarily hot and heavy for each other before they called o