Current:Home > News$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever -Streamline Finance
$1.05 billion Mega Millions jackpot drawing offers shot at 7th largest prize ever
SignalHub Quantitative Think Tank Center View
Date:2025-04-07 13:01:55
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! (177)
Related
- Golf's No. 1 Nelly Korda looking to regain her form – and her spot on the Olympic podium
- Olympic champion Suni Lee finds she's stronger than she knew after facing health issue
- Two children die after hillside collapses near Shasta Dam in California, police say
- Fulton County D.A.'s office disputes new Trump claims about Fani Willis' relationship with her deputy Nathan Wade
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- Trump says his criminal indictments boosted his appeal to Black voters
- Beyoncé's use of Black writers, musicians can open the door for others in country music
- Federal prosecutors accuse a New Mexico woman of fraud in oil and gas royalty case
- Intel's stock did something it hasn't done since 2022
- Trump says his criminal indictments boosted his appeal to Black voters
Ranking
- Beware of giant spiders: Thousands of tarantulas to emerge in 3 states for mating season
- Hey Fox News: The gold Trump sneakers are ugly. And they won't sway the Black vote.
- Wendy Williams, like Bruce Willis, has aphasia, frontotemporal dementia. What to know.
- GM suspends sales of Chevy Blazer EV due to quality issues
- Meta releases AI model to enhance Metaverse experience
- U.S. lunar lander is on its side with some antennas covered up, the company says
- A collection of the insights Warren Buffett offered in his annual letter Saturday
- Federal prosecutors accuse a New Mexico woman of fraud in oil and gas royalty case
Recommendation
Residents in Alaska capital clean up swamped homes after an ice dam burst and unleashed a flood
South Carolina Welcomes Multibillion Dollar Electric Vehicle Projects, Even Though Many Echo Trump’s Harsh EV Critiques
Horoscopes Today, February 23, 2024
GM suspends sales of Chevy Blazer EV due to quality issues
JoJo Siwa reflects on Candace Cameron Bure feud: 'If I saw her, I would not say hi'
Woman killed during a celebration of Chiefs’ Super Bowl win to be remembered at funeral
Judge throws out Chicago ballot measure that would fund services for homeless people
Louisiana advances a bill expanding death penalty methods in an effort to resume executions