District of ColumbiaGeneral NewsLotteriesU.S. NewsU.S. Virgin Islands $1.55 billion Mega Millions jackpot is the 3rd largest in US history by Andrew Wright August 8, 2023 written by Andrew Wright August 8, 2023 3 comments Bookmark 45 The Mega Millions lottery is offering a substantial jackpot of $1.55 billion, making it the third-largest prize in the history of the United States. This enormous sum has been steadily growing over several months due to 31 consecutive drawings without anyone winning the top prize. The last time someone claimed the jackpot was on April 18th. With each unsuccessful drawing, the prize amount edges closer to the all-time high of $2.04 billion, which was won in a Powerball jackpot in California last year. The chances of winning the Mega Millions jackpot are extremely slim, with odds of 1 in 302.6 million. Should a winner decide to receive the prize as an annuity, they would receive the $1.55 billion over a span of 30 years. However, most winners tend to choose the lump sum option. For this upcoming Tuesday’s jackpot, the lump sum would amount to an estimated $757.2 million. It’s important to note that the prize money would be subject to federal taxes, and many states also impose taxes on lottery winnings. Mega Millions is a game played in 45 states across the U.S., as well as in Washington, D.C., and the U.S. Virgin Islands. Lottery enthusiasts will have another chance to participate and try their luck on Tuesday night. Table of Contents Frequently Asked Questions (FAQs) about Lottery JackpotWhat is the current prize for Mega Millions?How has the prize amount grown?What are the odds of winning the Mega Millions jackpot?Can winners choose how to receive their prize?Are the winnings subject to taxes?Where is Mega Millions played?More about Lottery Jackpot Frequently Asked Questions (FAQs) about Lottery Jackpot What is the current prize for Mega Millions? The current Mega Millions prize is estimated at $1.55 billion, making it the third-largest jackpot in U.S. history. How has the prize amount grown? The prize has been increasing over several months due to 31 consecutive drawings without a jackpot winner. The last winner was on April 18th. What are the odds of winning the Mega Millions jackpot? The odds of winning the Mega Millions jackpot are 1 in 302.6 million, making it a highly challenging feat. Can winners choose how to receive their prize? Yes, winners can opt for an annuity paid out over 30 years or a lump sum. For this jackpot, the lump sum is around $757.2 million. Are the winnings subject to taxes? Yes, the prize money would be subject to federal taxes. Additionally, many states also impose taxes on lottery winnings. Where is Mega Millions played? Mega Millions is played in 45 states across the U.S., along with Washington, D.C., and the U.S. Virgin Islands. More about Lottery Jackpot Mega Millions Official Website Mega Millions Jackpot Analysis Odds of Winning the Mega Millions Powerball Jackpot Record Taxation of Lottery Winnings State Tax on Lottery Winnings List of States Playing Mega Millions You Might Be Interested In Freed Hostage Recounts Harrowing Ordeal in Africa and Frustrations with US Response Scientists Warn: Global Warming Transforms Snowfall into Devastating Mountain Rain Charlie Munger, Warren Buffett’s longtime sidekick at Berkshire Hathaway, dies at 99 Amid Global Attention on Gaza, Escalating Violence Aggravates Situation in the Occupied West Bank Gas-Filled Tanker Accident Causes Devastation on Main East Coast Highway China Criticizes Biden’s Comparison of Xi to Dictator as ‘Absurd and Irresponsible’ annuityDistrict of ColumbiadrawingsGeneral NewsjackpotLotterieslotterylump sumMega MillionsoddsprizeTaxesU.S. Virgin IslandsUS historywinnings Share 0 FacebookTwitterPinterestEmail Andrew Wright Follow Author Andrew Wright is a business reporter who covers the latest news and trends in the world of finance and economics. He enjoys analyzing market trends and economic data, and he is always on the lookout for new opportunities for investors. previous post Biden will announce a historic Grand Canyon monument designation during his Arizona visit next post Usme leads Colombia to a 1-0 win over Jamaica and a spot in the Women’s World Cup quarterfinals You may also like Bookmark A woman who burned Wyoming’s only full-service abortion... December 28, 2023 Bookmark Argument over Christmas gifts turns deadly as 14-year-old... December 28, 2023 Bookmark Danny Masterson sent to state prison to serve... December 28, 2023 Bookmark Hong Kong man jailed for 6 years after... December 28, 2023 Bookmark AP concludes at least hundreds died in floods... December 28, 2023 Bookmark Live updates | Israeli forces raid a West... December 28, 2023 3 comments JackpotDreamer August 8, 2023 - 3:06 pm wowza, $1.55B? dat’s like, whoa! lemme check ma numbers, mayb dis time… Reply GameOn45 August 8, 2023 - 11:50 pm 45 states in, D.C. too? Mega Millions, I’m in it to win it! Good luck err’body! Reply TaxTimeBummer August 9, 2023 - 11:50 am taxes, taxes ev’rywhere! Fed, state, who’s left? Still, nice chunk o’ change, huh? Reply Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
