The Mega Millions jackpot has reached $1 billion for only the third time in its two-decade history. The estimated $1.02 billion grand prize for Friday night’s drawing will undoubtedly increase as more and more tickets are purchased for the upcoming drawing.
For the drawing on Tuesday night, which had an $830 million prize, no winner was declared. It would have been the third-largest Mega Millions pay out and the fourth-largest lottery prize in the history of the country.
In the Mega Millions jackpot drawing on Tuesday night, the winning numbers were 29, 63, 66, 7, 60, and a “Mega Ball” of 15. It takes a long time for this kind of jackpot to reach this big, but it still falls short of the world record for the largest lottery prize won on a single ticket.
There are 29 drawings in a row without a mega millions jackpot lottery winner as nobody has matched all six numbers in the game. The next drawing will be on July 29th, with an estimated cash value of $602.5 million. Experiencing the breathtaking journey of reaching the billion-dollar mark, we encourage customers to play with patience.
The jackpot has grown so large as nobody matched the magical six matched numbers. Only 9 tickets matched the white balls for the $1 million 2nd prize. The $1.58 billion Powerball prize that was won in 2016 was the largest lottery pay out in history.
Many people visited the Mega Millions website to see if there were any winners. If no one wins, the mega millions jackpot winning ticket amount will be added to the next jackpot drawing. The Mega Millions jackpot winner has the option to choose between a cash and annual payout.
According to Mega Millions, three of the highest jackpot winners have occurred this year: a $426 million prize in California in January, a $128 million prize in New York in March; and a $110 million prize in Minnesota in the month of April.
The prospect of winning the jackpot is extremely thin, about 1 in 302.5 million. The chances of winning a smaller prize, such as $1 million for matching five regular numbers but missing the Mega Ball, are higher.
The mega millions jackpot today is playing in 45 states, including Washington, D.C., and the U.S. Virgin Islands. The majority of people attempt to reach the site and find out the winner within a day.
How To Play Mega Million Jackpot Game
Choose your favourite Mega Millions jackpot winning numbers from 1 to 70, as well as one mega ball number from 1 to 25, and leave the rest to chance. There were nine different ways to win, starting with $2, and the first five numbers on the mega ball had to match to win the jackpot.
You can buy a multi-draw ticket that lasts up to 14 draws from your local lottery shop. In the case of multiple draws, a range of drawing dates is included in place of a lone drawing date.
How Much Is The Pay Out After Tax Deductions?
Even if you somehow overcome all the odds in the Mega Millions jackpot, you will not win the lumpsum amount of $830 million. First, that is the sum winners who choose the annual payment option will get over the 30 annual instalments.
However, the winner of the mega millions jackpot chose the cash option, which would be an exact amount of $488 million in this drawing. Everyone picks the cash option as people want instant cash in hand and face huge tax deductions.
Federal taxes are another factor that would leave gains of $351 million, depending on where the winner resides, state taxes may also reduce that sum. Additionally, it doesn’t take into consideration the chance that another player might have the winning combination.
In some cases, even the lower rewards would need to be divided by two or more, depending on how many lucky players there were in the Mega Millions jackpot contest. It needs to divide even the smaller amount among the lucky players.
Make the mega million jackpot analysis into mega-fun and win tonnes of prizes that are still up for grabs. The drawings take place every Tuesday and Friday at 10 p.m. and must be completed by the drawing days.