For only the third time in the 20-year history of Mega Millions, the jackpot has surpassed the massive $1 billion mark.
The estimated jackpot for Friday’s Mega Millions draw is now $1.1 billion, the second-largest in the game’s history.
“Friday night’s draw will be the thirtieth in this jackpot race, which began on April 19 after the jackpot was won in Tennessee on April 15,” Mega Millions said in a statement released early Wednesday.
The lump sum payment is worth $648.2 million before tax.
Even though Friday’s prize is now estimated at over $1 billion, it still falls short of the record Mega Millions jackpot, which was won in South Carolina on October 23, 2018. The winner took home $1.537 billion. dollars – the biggest lottery prize ever won on a single ticket. The biggest lotto prize of all time came when three people split a $1.586 billion Powerball draw in 2016.
Only four Mega Millions jackpots have been won this year: in California, Minnesota, New York and Tennessee.
“We look forward to the growing jackpot,” Ohio Lottery Director Pat McDonald, current Senior Director of the Mega Millions Consortium, said in a press release. “Watching the jackpot accumulate over a period of months and reach the billion dollar mark is truly breathtaking. We encourage customers to keep their game balanced and enjoy the ride. Someone is going to win.”
There were 6,775,330 winning tickets at all prize levels in Tuesday night’s draw. A total of nine tickets matched the five white balls to win the Mega Millions second prize. One of those sold in Ohio was worth $3 million because it included the optional Megaplier. The other eight Match 5 tickets were all worth $1 million, with two each sold in New Jersey and New York, plus one each in California, Florida, Illinois and Ohio.
“In the 29 draws since the jackpot was last won in Tennessee on April 15, there have been more than 28.1 million winning tickets at all prize levels, including 42 worth $100,000. ‘a million dollars or more,’ the company said. “These grand prizes were won in 17 states across the country: Arizona, Arkansas, California, Delaware, Florida, Georgia, Illinois, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas and Virginia.”
Lottery winners have two options: take the money as a lump sum payment or as annuity payments over 29 years.
Most winners accept the lump sum payment, but record inflation has complicated matters, experts said.
“If we think inflation will be there for a while, then you might want to consider taking the annuity rather than taking the lump sum,” tax and estate planning attorney Kurt Panouses told Deirdre. ABC News Bolton.
According to the lottery, the odds of winning the jackpot are 1 in 303 million.