Try your luck – Mega Millions jackpot hits $900 million in US | Inquirer News

Try your luck – Mega Millions jackpot hits $900 million in US

/ 07:37 AM October 18, 2018

A woman prepares a slip for the Mega Millions lottery jackpot on October 16, 2018, in Los Angeles, California. Today’s Mega Millions jackpot is at least $900 million and combined with a high Powerball jackpot the total winnings could top $1 billion. AFP

NEW YORK, United States – Your chances of winning are slim to none, but it might be worth investing a few dollars in the Mega Millions contest in the United States before Friday’s drawing.

The prize? $900 million, after no one won on Tuesday night.

Article continues after this advertisement

It would be the largest jackpot in global lottery history if claimed by a single winner.

FEATURED STORIES

In 2016, a $1.6 billion Powerball prize was split three ways by ticket holders from California, Florida and Tennessee. Each took home $528.8 million.

The previous largest single jackpot of $758.7 million was won last year by Mavis Wanczyk, a 53-year-old mother of two from Massachusetts.

Article continues after this advertisement

Mega Millions is available in 44 US states, the capital Washington and the US Virgin Islands.

Article continues after this advertisement

The game, which was created in 2002, has seen changes over the years that have reduced the chances of winning, meaning bigger and bigger jackpots.

Article continues after this advertisement

If someone picks the winning six numbers, they can either claim the jackpot in 30 payments over 30 years — the so-called annuity option — or take a reduced amount in a lump sum.

On Friday, that would be a total of $513 million — before taxes, according to the Mega Millions website.

Article continues after this advertisement

The likelihood of that happening? One in 302.5 million.

And don’t forget: US lottery winnings are taxable at the federal level, unlike in many other countries. Some states also impose local taxes.

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Spain’s annual Christmas lottery — “El Gordo,” or “The Fat One” — has several times offered a jackpot of several billion euros, but it aims to share the wealth, with thousands of numbers getting a prize. /cbb

TAGS: Mega Millions, News, US lottery

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.