Mega Millions jackpot soars to new heights, Powerball rising too

Mega Millions jackpot soars to new heights, Powerball rising too

Mega Millions jackpot soars to new heights, Powerball rising too

The $1.6 billion jackpot surpasses the former all-time record, set by a Powerball drawing in January 2016, which rose to $1.586 billion. "We're so happy for the victor, and we know the South Carolina Education Lottery can't wait to meet the lucky ticket holder". South Carolina's previous record-holder - someone who bought a $400 million Powerball ticket in the Columbia area in 2013 - never wanted to be identified. Powerball made a similar tweak in 2015.

The Mega Millions jackpot has crossed the $1.6 billion mark ahead of Wednesday night's drawing.

Prizes of any value can also be claimed by mail.

States have generally reported increased Mega Millions and Powerball sales since the change.

The less jackpots are won, the more time the grand prize has to grow and the more sales are made.

The next Mega Millions draw, which is a world record, will be on Tuesday - as in tomorrow, guys.

The Mega Millions jackpot has climbed to an estimated $1.6 billion.

Gilliland said five $50,000 Powerball tickets were sold in Fredonia, a northern Arizona city, Tucson and Phoenix since October 13 and nine $10,000 Mega Millions tickets were sold, mainly in the Phoenix area, since October 12.

With the lottery jackpots being so high, convenience store owners say people are buying tickets left and right.

With office pools being a popular way to play, an attorney offered advice to ensure that if your group does win that you don't get shut out.

The cash option is still massive, at $US904 million for Mega Millions and $US354.3 million for Powerball.

The victor will end up handing over about $384 million to the federal government for a 24 percent tax rate. That is, those are the amount you'd be paid if you chose an annuity, doled out over 29 years.

The probabilities are overwhelmingly not in your favor.

"I mean, that is a lot of money for one person, he said".

How bad are the odds? If one person gets all of the numbers, they can choose the lump-sum cash payout and walk away with nearly $905 million after taxes. "Tomorrow, when I win, don't come looking for me".

But there are some quirks and surprises about the math equations that likely will soon vault someone into stratospheric wealth after the jackpots grew for months without a victor. It creates this sense of camaraderie.

Related news

[an error occurred while processing the directive]