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Mega Millions Jackpot Leaps to $735 Million

March 10, 2024
in Personal Finance
Reading Time: 4 mins read
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Mega Millions Jackpot Leaps to $735 Million

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With no winner drawn on Friday, March 8, lottery gamers get one other shot at a rising Mega Tens of millions jackpot. With no winners since Dec. 8, 2023, the nationwide sport’s grand prize has swelled to an estimated $735 million. That’s the sixth largest Mega Tens of millions jackpot within the sport’s historical past.

You should buy Mega Tens of millions tickets for $2 apiece in 45 U.S. states, in addition to Washington, D.C., and the U.S. Virgin Islands. To play, decide 5 numbers between 1 and 70, and a sixth quantity between 1 and 25. When you don’t wish to decide the numbers your self, you may get a set of numbers generated for you.

How a lot is the Mega Tens of millions jackpot?

The present jackpot is estimated at $735 million.

Winners can decide to take their winnings within the type of an annuity or as a single lump sum, referred to as the money possibility. The money possibility for the present jackpot is estimated at $356.7 million.

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By taking the annuity possibility, the winner would get the total jackpot marketed by Mega Tens of millions, however it will be unfold out in funds over 30 years.

Regardless of how fortunate you might be, you received’t get round paying taxes on a lottery jackpot. After obligatory federal earnings tax withholding, you’d get roughly $271.1 million, in the event you took the money possibility. How way more you’d pay come tax time is determined by whether or not you are taking the place you acquire the ticket — and the place you reside. To arrange, be sure to know the ins and outs of how the lottery works..

When is the following Mega Tens of millions drawing?

The profitable numbers will likely be drawn Tuesday, March 12 , at 11 p.m. Japanese Time.

If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.

The chances of profitable the jackpot are roughly 1 in 303 million.

The jackpot isn’t the one method to win. Mega Tens of millions has prizes for ticket holders whose chosen numbers match the drawing in a wide range of combos.

10 largest Mega Tens of millions jackpots

The present Mega Tens of millions jackpot can be the sixth-largest within the sport’s historical past. Listed here are the ten largest Mega Tens of millions jackpots:

$1.58 billion (Aug. 8, 2023 — one profitable ticket).

$1.537 billion (Oct. 23, 2018 — one profitable ticket).

$1.348 billion (Jan. 13, 2023 — one profitable ticket).

$1.337 billion (July 29, 2022 — one profitable ticket).

$1.05 billion (Jan. 22, 2021 — one profitable ticket).

$656 million (March 30, 2012 — three profitable tickets).

$648 million (Dec. 17, 2013 — two profitable tickets).

$543 million (July 4, 2018 — one profitable ticket).

$536 million (July 8, 2016 — one profitable ticket).

Photograph by Justin Sullivan / Getty Information by way of Getty Pictures.

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