Current:Home > Stocks$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -Insightful Finance Hub
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
View
Date:2025-04-20 02:08:29
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! (524)
Related
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Red carpet looks from the 2024 Grammy Awards
- Biden sets sights on Las Vegas days before Nevada’s primary. He’s also got November on his mind.
- How Jon Bon Jovi Really Feels About Son Jake Bongiovi and Fiancé Millie Bobby Brown's Relationship
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Lionel Messi, David Beckham, Inter Miami hear boos after Messi sits out Hong Kong friendly
- Pennsylvania police shoot and kill a wanted man outside of a gas station, saying he pointed gun
- How a Vietnam vet found healing as the Honey-Do Dude
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Are you happy? New film follows a Bhutan bureaucrat who asks 148 questions to find out
Ranking
- Tom Holland's New Venture Revealed
- Suburban Chicago police fatally shoot domestic violence suspect
- Spoilers! What that 'Argylle' post-credits scene teases about future spy movies
- Denver shooting injures at least 6 people, police say
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Off-duty Nebraska police officers shoot and kill two men
- This Top-Rated Amazon Back Pain Relief Seat Cushion Is on Sale for Only $30
- Aston Barrett, bassist for Bob Marley & The Wailers, dies at 77
Recommendation
Trump's 'stop
What Vision Zero Has And Hasn't Accomplished
Bill Belichick thanks 'Patriots fans everywhere' in full-page ad in Boston Globe
A Minnesota town used its anti-crime law against a protected class. It’s not the only one
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Wisconsin police officer fatally shoots armed motorist after chase
Why Miley Cyrus Nearly Missed Her First-Ever Grammy Win
Mike The Situation Sorrentino and Wife Save Son From Choking on Pasta in Home Ring Video