$1.55 billion Mega Millions jackpot is the 3rd largest in US history

2024-12-26 00:00:01 source:lotradecoin versus coinbase exchange category:Invest

Lottery players will have another shot Tuesday night at a massive Mega Millions prize that ranks as the third-largest jackpot in U.S. history.

The estimated $1.55 billion prize has been gradually building for months thanks to 31 straight drawings without a jackpot winner. The last time someone won the game’s top prize was April 18.

Each drawing without a winner pushes the prize closer to the record $2.04 billion Powerball jackpot that someone in California won last year.

Mega Millions jackpot winners are so rare thanks to odds of 1 in 302.6 million.

The $1.55 billion payout would go to a winner who opts for an annuity, doled out over 30 years. But people usually prefer a lump sum option, which for Tuesday’s jackpot would be an estimated $757.2 million.

The money would be subject to federal taxes. Many states also tax lottery winnings.

Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands.

More:Invest

Recommend

Singaporean killed in Johor expressway crash had just paid mum a surprise visit in Genting

The 21-year-old woman who died in a motorcycle crash in Johor on Tuesday (Dec 10) had just surprised

Vance criticized an infrastructure law as a candidate then embraced it as a senator

WASHINGTON (AP) — As he campaigned for the Senate two years ago, JD Vance harshly criticized a bipar

Key Senate race in Arizona could hinge on voters who back Trump and the Democratic candidate

PHOENIX (AP) — If Ruben Gallego is going to give Democrats their fourth straight U.S. Senate victory