If won, it will be the third largest Mega Millions jackpot prize in the game’s history. The Mega Millions payout calculator helps you compare these two options and break down the annuity payment from the first installment payment to the 30 th year so you can decide what is best for you. RELEASE DATE: Across the country, players are taking notice allowing tomorrow’s Mega Millions jackpot to be raised to an estimated 810 million, with a cash value of 470.1 million. On the other hand, you lose the chance of investing in other high-yield opportunities. You will only pay taxes on the amount you receive every year, so you'll incur less tax liability in the long run (you can check it in your state using this Mega Millions payout calculator). If you choose the annuity payments option, you'll get 100% of your jackpot! Your Mega Millions payout amount for every annuity will increase by 5% annually until the entire amount paid out. Still, the jackpot is usually a lot of money for you to quit your job, and it might be worth it if you have a good investment option that offers a considerably better return.īesides, the interest rate used in evaluating the annuity payment varies, so investing the cash amount into a business account, either a fixed deposit or recurring deposit, or a 529 account for your child are options worth considering. How to win in Mega Millions including odds of winning on 2 ticket Match Win Odds 5 numbers and the Mega Ball Win or share the jackpot: 1 in 302,575,350: 5 numbers but not the Mega Ball: 1,000,000: 1 in 12,607,306: 4 numbers and the Mega Ball: 10,000: 1 in 931,001: 4 numbers but not the Mega Ball: 500: 1 in 38,792: 3 numbers and the Mega. The winner collected the cash option through a limited liability company, LaKoma Island Investments LLC, Maine State Lottery officials said.Choosing to get paid at once today will get you only about 80% of your total jackpot winnings, and after you pay taxes on your winnings, you'll probably end up with around 50%. 9 Ways To Win The Mega Millions jackpot is won by matching five white balls, in any order, plus the one yellow Mega Ball number. The Maine winner collected the prize in February, and chose to remain anonymous. 13, 2023, and $1.337 billion was won in Illinois on July 29, 2022. The following Mega Millions and Powerball jackpots made the Top 10 biggest lottery jackpots in U.S. 23, 2018, while $1.35 billion was won in Maine on Jan.

Trailing the recent Florida jackpot in third place, three other Mega Millions prizes were the fourth, fifth and sixth largest jackpots.Ī single person in South Carolina won $1.537 billion on Oct. Here’s how the current Mega Millions jackpot will be paid if the annuity option is selected. The Mega Millions jackpot stands at 940 million for Friday night’s drawing, which would be the fifth-largest jackpot in the game’s history if one person matches all six numbers. Mega Millions is one of America's two big jackpot games, and the only one with Match 5 prizes up to 5 million (with the optional Megaplier).

To hit the top prize, a ticket must match all six numbers drawn - the five white balls and the gold Mega Ball. The game has a 20 million starting jackpot that keeps rolling until someone wins it. That prize was split among three winning tickets sold in California, Florida and Tennessee. See the value of the current Mega Millions jackpot for the next drawing. The next largest was also a Powerball prize of $1.586 billion on Jan. The largest jackpot ever was a Powerball ticket in California worth a whopping $2.04 billion from the drawing on Nov. The winning ticket was sold at a Publix supermarket in Neptune Beach, a town along the Atlantic Coast near Jacksonville. Check current and past Mega Millions results and winning numbers. National The winning $1.58 billion Mega Millions ticket is sold in Florida Mega Millions Megaplier Prizes and Odds 5 out of 5 + Mega Ball, JACKPOT, 1 in 302,575,350 5 out of 5, 1,000,000, 1 in 12,607,306 4 out of 5 + Mega Ball.

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