Tuesday’s Mega Millions now at $1.55 billion, the 3rd-largest in U.S. lottery history – Gist It

Tuesday’s Mega Millions now at $1.55 billion, the 3rd-largest in U.S. lottery history

Tuesday’s Mega Millions prize has reached $1.55 billion, making it the third-largest jackpot in U.S. lottery history.

Driving the news: The estimated $1.55 billion prize has been growing due to 31 consecutive drawings without a jackpot winner.
* The last jackpot win was on April 18.
* Each drawing without a winner pushes the prize closer to the record $2.04 billion Powerball jackpot won in California last year.

By the numbers: The chance of winning the Mega Millions jackpot is 1 in 302.6 million.
* If the winner chooses an annuity, the $1.55 billion payout would be distributed over 30 years.
* However, most people prefer a lump sum option, which for Tuesday’s jackpot would be an estimated $757.2 million, subject to federal and potentially state taxes.

Where it’s played: The Mega Millions lottery is available in 45 states, Washington, D.C., and the U.S. Virgin Islands.

View original article on NPR

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August 8, 2023

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