Current:Home > Stocks$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -Zenith Investment School
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
View
Date:2025-04-19 10:46:26
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! (5)
Related
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Predicting the CFP rankings: How will committee handle Ohio State, Georgia, Penn State?
- Netflix's Moments feature makes it easier to share scenes without screen recording
- TGI Fridays files for bankruptcy; restaurants remain open amid restructuring
- The White House is cracking down on overdraft fees
- James Van Der Beek Apologizes to Loved Ones Who Learned of His Cancer Diagnosis Through the Media
- Senior dog found on floating shopping cart gets a forever home: See the canal rescue
- Kamala Harris and Maya Rudolph's Saturday Night Live Skit Will Have You Seeing Double
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Dawson's Creek's James Van Der Beek Shares Colorectal Cancer Diagnosis
Ranking
- Where will Elmo go? HBO moves away from 'Sesame Street'
- Health Risks Due to Climate Change Are Rising Dangerously, Lancet Report Concludes
- Mega Millions winning numbers for November 1 drawing: Jackpot rises to $303 million
- Oklahoma small town police chief and entire police department resign with little explanation
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Advocates, Lawmakers Hope 2025 Will Be the Year Maryland Stops Subsidizing Trash Incineration
- FTC sends over $2.5 million to 51,000 Credit Karma customers after settlement
- A presidential campaign unlike any other ends on Tuesday. Here’s how we got here
Recommendation
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Hurricane-Related Deaths Keep Happening Long After a Storm Ends
Washington governor OKs massive new wind farm and urges swift turbine approvals
The Depths of Their Discontent: Young Americans Are Distraught Over Climate Change
Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
Hugh Jackman Marvelously Reacts to Martha Stewart's Comments About Ryan Reynolds' Humor
Federal Regulators Waited 7 Months to Investigate a Deadly Home Explosion Above a Gassy Coal Mine. Residents Want Action
Hindered Wildfire Responses, Costlier Agriculture Likely If Trump Dismantles NOAA, Experts Warn