The Mega Millions jackpot is now over $810 million, and the Powerball jackpot is at $470 million. However, the odds of winning Mega Millions are still slim at one in 303 million. The estimated life-long payout is $25,000 a year. If you win the jackpot, you will get $25,000 per year for the rest of your life.
Mega Millions jackpot has jumped up to $810 million
The Mega Millions jackpot has jumped to an estimated $810 million. That makes it the fourth largest lottery jackpot in U.S. history, and the third largest overall. While the jackpot is still relatively small, winning a prize worth this much can change your life. If you win, you can spend the money on a new home or some other important purchase. However, it’s important to keep in mind that the odds aren’t good and that you must be practical if you want to get the most out of your prize.
If you buy a ticket that matches all six numbers, you will receive cash worth $470 million. But if you play Mega Millions for cash, you’ll be able to claim your prize for an estimated $810 million. If you don’t win the jackpot, you can still buy the cash option for the winning ticket, worth an estimated $470.1 million.
Powerball jackpot has jumped up to $470.1 million
There are no winners of the Powerball lottery, but the Mega Millions jackpot has jumped up to $810 million. This would make it the fourth-largest jackpot in U.S. lottery history. The jackpot was last won on April 15 and is expected to increase even more before Tuesday’s drawing. In the meantime, the cash option is worth $470.1 million.
If the Powerball jackpot were to reach $810 million tomorrow, it would be the third-largest jackpot in game history and the fourth-largest jackpot in lottery history. The largest jackpot was $1.586 billion in 2016. The winner purchased a ticket in California, Florida, Tennessee. A ticket costs $2 and can be bought at Mass. Lottery retailers through 10:45 p.m. Tuesday.
Mega Millions odds of winning are 1-in-303 million
You can’t win the Mega Millions lottery by buying just one ticket, but you can increase your chances of winning by purchasing several tickets. For instance, if you bought three tickets, your chances of winning are about 1 in 303 million. However, if you bought four tickets, your chances of winning would be about one in ninety-two million. That is a pretty high number!
You can buy a ticket for $2 or you can buy a Megaplier for another $1. This option is optional but can increase the prize of non-jackpot prizes, which are worth up to $3 million. The odds of winning the Mega Millions jackpot are 1 in 303 million, which is incredibly unlikely.
Mega Millions annuity payout is $25,000 a year for life
If you win the Mega Millions jackpot, you can choose to receive your payments as an annuity for the rest of your life or as one lump-sum payment. Either way, you are guaranteed a minimum of twenty years of payments, though it may be longer if you are older or live longer.
To figure out how much your payout will be, you can use a Mega Millions payout calculator. This tool shows you the payout in gross dollars, minus federal and state taxes. You can also see how much you’ll receive each year as an annuity payment.
