Your trusted source for the latest news and insights on Markets, Economy, Companies, Money, and Personal Finance.
Popular

Mega Millions Jackpot Reaches Record-Breaking $1.25 Billion

Mega Millions jackpot soars to $1.1 billion




Mega Millions jackpot soars to $1.1 billion
00:20

The Mega Millions jackpot climbed to a stratospheric estimated $1.25 billion after no winning tickets were sold for Tuesday night’s estimated $1.1 billion pot of gold.

The winning numbers for the latest drawing were 8, 24, 30, 45, 61 with a Mega Ball of 12.

The $1.25 billion jackpot would be Mega Millions’ fourth-largest ever. It could climb even higher as more and more tickets are gobbled up leading to Friday night’s drawing.

Tuesday’s grand prize was initially estimated at $1.05 billion after no tickets matched all six numbers in Friday night’s drawing, but it grew in the following days.

Whoever wins a Mega Millions jackpot has the option to collect it as an annuity or a one-time cash payment. The cash option for the new jackpot would be roughly $625.3 million. That option for Tuesday night’s jackpot was estimated at $550.2 million.

The jackpot has been growing since it was last won in April, and 30 drawings have been held since with no tickets matching the five white balls and gold Mega Ball.

The Mega Millions jackpot is the summer’s second chance for a billion-dollar windfall.

Last month, one winning ticket was sold at a mini-market in downtown Los Angeles for Powerball’s $1.08 billion jackpot. After it was determined there was a winner, officials said it might take months before the ticket holder or holders would be identified publicly.

Tuesday night’s massive jackpot would have been the sixth-biggest in U.S. lottery history, according to the California Lottery.

In July 2022, a winning Mega Millions ticket worth an estimated $1.337 billion was bought in Illinois for the third-biggest pot of gold in the game’s history. This past January, a Mega Millions ticket sold in Maine was worth $1.348 billion, and the game’s biggest jackpot of an estimated $1.537 billion was won in 2018.

The odds of winning the jackpot are about 1 in 302.58 million.

Tickets cost $2 each and are sold in 45 states, Washington, D.C. and the U.S. Virgin Islands. Drawings are on Tuesday and Friday nights.

Share this article
Shareable URL
Prev Post

Prepare to Spend: A Trip to Barcelona or Dubrovnik

Next Post

Should You Sell Your Shares of Camping World After Its Dividend Cut?

Leave a Reply

Your email address will not be published. Required fields are marked *

Read next
KIA house owners can get free software program replace at Mall of America KIA house owners can get free software…
Microsoft, Google combine AI into merchandise Microsoft, Google integrating extra AI into merchandise 03:20…