Current:Home > Invest$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -BeyondWealth Network
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
View
Date:2025-04-22 01:35:19
A estimated $1.05 billion Mega Millions jackpot will again be up for grabs Tuesday night, giving lottery players a chance to snap an unlucky streak that has stretched on for months.
No one has won the Mega Millions jackpot since April 18, allowing it to roll over again and again until it reached its status as tied for the seventh-largest in U.S. history. Tuesday night’s drawing will be the 30th since someone last won the jackpot.
The drought is due to a combination of poor luck and terrible odds, as the chance of winning the Mega Millions jackpot is 1 in 302.6 million. The odds of winning smaller prizes, ranging from $1 million to $2, are significantly better.
The $1.05 billion jackpot is for a sole winner who chooses to collect through an annuity, with annual payments over 30 years. A sole winner who opts for a lump sum payment would receive an estimated $527.9 million.
Winners also would be subject to federal taxes, and many states also tax lottery winnings.
Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.
veryGood! (744)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Thousands rally in Slovakia to condemn the new government’s plan to close top prosecutors’ office
- What does it mean to be Black enough? Cord Jefferson explores this 'American Fiction'
- Climate activists struggle to be heard at this year's U.N. climate talks
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- After Texas Supreme Court blocks her abortion, Kate Cox leaves state for procedure
- 'I'm not OK': Over 140 people displaced after building partially collapses in the Bronx
- Bernie Sanders: Israel is losing the war in public opinion
- A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
- Guest's $800K diamond ring found in vacuum bag at Paris' Ritz Hotel
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- U.S. F-16 fighter jet crashes off South Korea; pilot ejects and is rescued
- The 'ultimate killing machine': Skull of massive prehistoric sea predator discovered in UK
- Our 12 favorite moments of 2023
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Billy Ray Cyrus' Birthday Tribute to Wife Firerose Will Cure Any Achy Breaky Heart
- After Texas Supreme Court blocks her abortion, Kate Cox leaves state for procedure
- One year after death, Mike Leach remembered as coach who loved Mississippi State back
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
UN warns nearly 50 million people could face hunger next year in West and Central Africa
Police and customs seize live animals, horns and ivory in global wildlife trafficking operation
The Excerpt podcast: Prosecutors ask Supreme Court to decide if Trump may claim immunity
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Online sports betting to start in Vermont in January
Investigators accessed Trump White House cellphone records and plan to use them at trial, special counsel says
Anderson Cooper Has the Best Reaction to BFF Andy Cohen's NSFW Bedroom Questions