Current:Home > Contact$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -FinanceMind
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
EchoSense Quantitative Think Tank Center View
Date:2025-04-09 07:07:50
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! (41)
Related
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Afghanistan is the fastest-growing maker of methamphetamine, UN drug agency says
- Japan’s foreign minister to visit war-torn Ukraine with business leaders to discuss reconstruction
- In ancient cities and mountain towns, rescuers seek survivors from Morocco’s quake of the century
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- UN atomic watchdog warns of threat to nuclear safety as fighting spikes near plant in Ukraine
- Ashton Kutcher and Mila Kunis apologize for ‘pain’ their letters on behalf of Danny Masterson caused
- NFL Notebook: How will partnership between Russell Wilson and Sean Payton work in Denver?
- DoorDash steps up driver ID checks after traffic safety complaints
- Greek authorities evacuate another village as they try to prevent flooding in a major city
Ranking
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Soccer star Achraf Hakimi urges Moroccans to ‘help each other’ after earthquake
- Group of 20 countries agree to increase clean energy but reach no deal on phasing out fossil fuels
- On ‘João’, Brazilian singer Bebel Gilberto honors her late father, bossa nova giant João Gilberto
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Prominent activist’s son convicted of storming Capitol and invading Senate floor in Jan. 6 riot
- Russia is turning to old ally North Korea to resupply its arsenal for the war in Ukraine
- Opinion: High schoolers can do what AI can't
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Updated COVID shots are coming. They’re part of a trio of vaccines to block fall viruses
Exclusive: 25 years later, Mark McGwire still gets emotional reliving 1998 Home Run Chase
The US Supreme Court took away abortion rights. Mexico's high court just did the opposite.
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Emotions will run high for Virginia as the Cavaliers honor slain teammate ahead of 1st home game
How to make yourself cry: An acting coach's secrets for on command emotion
Benedict Arnold burned a Connecticut city. Centuries later, residents get payback in fiery festival