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Each main nationwide lottery jackpots continued their march upward after drawings Monday and Tuesday, with Mega Hundreds of thousands inching tantalizingly near an estimated $1 billion prime prize. Solely 5 earlier Mega Hundreds of thousands jackpots have hit that mark.
The Powerball jackpot rolled over once more on Monday night time and now stands at an estimated $687 million, with its subsequent drawing tonight (Wednesday, March 20).
Mega Hundreds of thousands: $977 million estimated jackpot, subsequent drawing Friday, March 22.
Powerball: $687 million estimated jackpot, subsequent drawing Wednesday, March 20.
If both or each proceed to elude a winner in upcoming attracts, 2024 might see its first billion-dollar-plus jackpot, a mark that has turn out to be extra widespread lately. Powerball had a $1.765 billion jackpot (gained by a single ticket) as not too long ago as October 2023.
Powerball and Mega Hundreds of thousands tickets are bought for $2 apiece in 45 U.S. states, in addition to Washington, D.C., and the U.S. Virgin Islands.
To play Mega Hundreds of thousands, choose 5 numbers between 1 and 70, and a sixth quantity between 1 and 25. In case you don’t need to choose the numbers your self, you will get a set of numbers generated for you.
To play Powerball, choose 5 numbers between 1 and 69 and a Powerball quantity from 1 to 26 (or have them randomly generated).
How a lot is the Mega Hundreds of thousands jackpot?
The present jackpot is estimated at $977 million.
Winners can choose to take their winnings within the type of an annuity or as a single lump sum, generally known as the money choice. The money choice for the present jackpot is estimated at $461 million.
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By taking the annuity choice, the winner would get the complete jackpot marketed by Mega Hundreds of thousands, however it could be unfold out in funds over 30 years.
Regardless of how fortunate you’re, you gained’t get round paying taxes on a lottery jackpot. After necessary federal earnings tax withholding, you’d get roughly $350 million, in the event you took the money choice. How far more you’d pay come tax time relies on whether or not you are taking the place to procure the ticket — and the place you reside. To arrange, ensure you know the ins and outs of how the lottery works.
When is the following Mega Hundreds of thousands drawing?
The successful numbers can be drawn Friday, March 22 at 11 p.m. Japanese Time.
If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
The chances of successful the jackpot are roughly 1 in 303 million.
How a lot is the following Powerball jackpot?
The present jackpot is estimated at $687 million.
Like Mega Hundreds of thousands, winners of Powerball can select between an annuity that pays out over 30 years or a single lump sum. The money choice for the present jackpot is $327.3 million. After necessary federal taxes, the holder of a single successful ticket would hold about $248.7 million, minus any state taxes.
When is the following Powerball drawing?
The successful numbers can be drawn Wednesday, March 20 at 11 p.m. Japanese Time.
If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
The chances of successful the jackpot are roughly 1 in 292 million.
The jackpot isn’t the one approach to win. Each video games have prizes for ticket holders whose chosen numbers match the drawing in quite a lot of mixtures.
10 largest lottery jackpots
$2.04 billion (Powerball, Nov. 8, 2022 — one successful ticket).
$1.765 billion (Powerball, Oct. 11, 2023 — one successful ticket).
$1.586 billion (Powerball, Jan. 13, 2016 — three successful tickets).
$1.58 billion (Mega Hundreds of thousands, Aug. 8, 2023 — one successful ticket).
$1.537 billion (Mega Hundreds of thousands, Oct. 23, 2018 — one successful ticket).
$1.348 billion (Mega Hundreds of thousands, Jan. 13, 2023 — one successful ticket).
$1.337 billion (Mega Hundreds of thousands, July 29, 2022 — one successful ticket).
$1.08 billion (Powerball, July 19, 2023 — one successful ticket).
$1.05 billion (Mega Hundreds of thousands, Jan. 22, 2021 — one successful ticket).
$977 million (Mega Hundreds of thousands, pending).
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