Current:Home > Invest$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -MoneyStream
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
Johnathan Walker View
Date:2025-04-09 11:53:02
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! (92)
Related
- Former longtime South Carolina congressman John Spratt dies at 82
- Watch Los Angeles Chargers kicker Cameron Dicker's viral Pro Bowl campaign video
- Wisconsin prosecutor appeals ruling that cleared way for abortions to resume in state
- Dunkin' employees in Texas threatened irate customer with gun, El Paso police say
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- How economics can help you stick to your New Year's resolution
- Watch Los Angeles Chargers kicker Cameron Dicker's viral Pro Bowl campaign video
- An author gets in way over his head in 'American Fiction'
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- At least 100 elephant deaths in Zimbabwe national park blamed on drought, climate change
Ranking
- Don't let hackers fool you with a 'scam
- Man accused in assaults on trail now charged in 2003 rape, murder of Philadelphia medical student
- Custom made by Tulane students, mobility chairs help special needs toddlers get moving
- How do people in Colorado feel about Trump being booted from ballot? Few seem joyful.
- Could your smelly farts help science?
- ICHCOIN Trading Center: Cryptocurrency value stabilizer
- Wisconsin elections commission rejects complaint against Trump fake electors for second time
- Singer David Daniels no longer in singers’ union following guilty plea to sexual assault
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
Federal agency wants to fine Wisconsin sawmill $1.4 million for violations found after teen’s death
North Korea’s Kim again threatens use of nukes as he praises troops for long-range missile launch
FBI searches home after reported cross-burning as part of criminal civil rights investigation
Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
Cat-owner duo in Ohio shares amputee journey while helping others through animal therapy
Dunkin' employees in Texas threatened irate customer with gun, El Paso police say
Yes, your diet can lower cholesterol levels. But here's how exercise does, too.