DES MOINES, Iowa (AP) — Another day, another giant lottery jackpot.
Next up is an estimated $1.1 billion Mega Millions prize on Tuesday night, enticing players who hope to win the 8th largest prize in U.S. lottery history even though no one has won the jackpot since Dec. 8, 2023. That’s 30 consecutive drawings without a jackpot winner.
Miss out on that drawing? No problem. There will be a drawing Wednesday night for an estimated $865 million Powerball jackpot. No one has won that prize either since New Year’s Day, making for 36 drawings without a winner.
For both games, the long drought of jackpots is no accident. The games have long odds specifically to create large jackpots that will generate lots of interest and sales.
For Mega Millions, the odds are 1 in 302.6 million, and for Powerball they are 1 in 292.2 million.
The $1.1 billion Mega Millions prize is for a sole winner who chooses to be paid through an annuity over 30 years. A winner who opts for a cash payout would get $525.8 million.
Those winnings would be subject to federal taxes, and some states also tax lottery winnings.
Mega Millions is played in 45 states plus Washington, D.C., and the U.S. Virgin Islands. Powerball also is played in those states as well as Washington, D.C., the U.S. Virgin Islands and Puerto Rico.
2024-12-26 23:381036 view
2024-12-26 22:37213 view
2024-12-26 22:181739 view
2024-12-26 21:572746 view
2024-12-26 21:382720 view
2024-12-26 21:012870 view
On Sept. 5, 1972, Munich's Summer Olympics morphed in a gut-wrenching instant from the world's bigge
HOUSTON (AP) — A deputy who was a 20-year-veteran of a Houston-area sheriff’s office died Tuesday af
Johnny C. Taylor Jr. tackles your human resources questions as part of a series for USA TODAY. Taylo