LOGIN
fokus keyword: Mega Millions

Certainly! Here’s the paraphrased version of the text:

The Mega Millions Prize of $1.55 Billion Continues to Grow as 31 Consecutive Draws Produce No Winner

The escalation of the Mega Millions jackpot to a staggering $1.55 billion, ranking it as the third largest in history before Tuesday’s drawing, is no perplexing phenomenon.

This enormous prize has swelled due to the fact that no one has identified the game’s six winning numbers since April 18, resulting in 31 consecutive drawings without a grand prize winner. The nearly four-month drought might make victory even sweeter for the person who finally takes home the top award, closely approaching the record lottery jackpot of $2.04 billion claimed in 2022 by a Californian player.

Merlin Smith, a retired property valuator who bought five tickets at a Minneapolis gas station on Monday, remarked, “It’s enjoyable, but relying on winning would lead to frequent disappointment.”

WHY DOES IT TAKE SO LONG FOR A WINNER TO EMERGE?

Although the jackpot has gone 32 drawings without a winner as of Tuesday night, it is not unprecedented. The Mega Millions jackpot record is 36 drawings, ending on Jan. 22, 2021, with a $1.05 billion win. The all-time high for lottery drawings was a Powerball jackpot that ended after 41 attempts, with a win of the record $2.04 billion prize.

Victories are scarce due to the dismal odds of 1 in 302.6 million. When a drawing does not yield a top winner, the prizes accumulate for weeks, and the larger prizes boost ticket sales, which also increases state lottery revenues.

HOW MANY NUMBER COMBINATIONS EXIST?

In Mega Millions, there are approximately 302.6 million potential combinations for the five white balls and separate golden Mega Ball. The white balls range from 1 to 70, and the Mega Ball from 1 to 25.

To contextualize this figure, note that only around 35% of possible combinations were represented in last Friday’s drawing. This left almost 200 million options uncovered. Officials predict that as sales grow before Tuesday’s drawing, covered combinations will exceed 41%.

THE $1.55 BILLION WON’T DIRECTLY ENTER YOUR BANK

Winning the Mega Millions jackpot will undoubtedly bring a massive influx of money, but don’t expect a check for $1.55 billion to land in your account immediately.

The aforementioned amount applies to a solo winner opting for a 30-year annuity payment. Most winners, however, select a one-time payment, which would be roughly $757.2 million for this particular drawing.

Taxes will significantly reduce the winnings, with federal taxes claiming 24%, and possibly additional state taxes.

The possibility of multiple winners could also reduce an individual’s share of the jackpot, as occurred with a $1.586 billion Powerball prize in 2016 split among three players.

WHAT IS THE MOST EFFECTIVE WAY TO SELECT NUMBERS?

The majority of players prefer to let the machine generate numbers, a choice made by over 90% of Iowa’s Mega Millions participants, for instance. The chances of winning remain unchanged whether the machine or the player selects the numbers.


WHERE IS THIS LOTTERY GAME HELD?

Mega Millions is available in 45 states, as well as Washington, D.C., and the U.S. Virgin Islands. It’s not offered in Alabama, Alaska, Hawaii, Nevada, or Utah.


Trisha Ahmed, a writer for Big Big News, provided additional information for this report from Minneapolis.

Frequently Asked Questions (FAQs) about lottery jackpot

Question: Why has the Mega Millions jackpot grown to $1.55 billion?

Answer: The Mega Millions jackpot has reached $1.55 billion because no one has matched the game’s six winning numbers since April 18, resulting in 31 consecutive drawings without a winner. The jackpot keeps growing as a result of the long unlucky streak.

Question: What are the odds of winning the Mega Millions jackpot?

Answer: The odds of winning the Mega Millions jackpot are quite low, at 1 in 302.6 million. The rarity of wins is due to the large number of possible number combinations (roughly 302.6 million) for the five white balls and the golden Mega Ball.

Question: How does the Mega Millions jackpot compare to past records?

Answer: The current $1.55 billion Mega Millions jackpot is the third-largest in history. The all-time record for a lottery jackpot was $2.04 billion, won in 2022 by a player in California.

Question: Can winners choose how to receive the prize?

Answer: Yes, winners have the option to choose between a 30-year annuity or a lump sum payment. For the $1.55 billion prize, the lump sum payment would be an estimated $757.2 million. However, both options will be subject to federal and possibly state taxes.

Question: How are the numbers for Mega Millions chosen?

Answer: Players can either choose their own numbers or use the “easy pick” option where the machine generates random numbers for them. The odds of winning are the same regardless of how the numbers are chosen.

Question: Where is Mega Millions played?

Answer: Mega Millions is played in 45 states, Washington, D.C., and the U.S. Virgin Islands. However, it is not available in Alabama, Alaska, Hawaii, Nevada, and Utah.

More about lottery jackpot

You may also like

Leave a Comment

logo-site-white

BNB – Big Big News is a news portal that offers the latest news from around the world. BNB – Big Big News focuses on providing readers with the most up-to-date information from the U.S. and abroad, covering a wide range of topics, including politics, sports, entertainment, business, health, and more.

Editors' Picks

Latest News

© 2023 BBN – Big Big News

en_USEnglish