Welcome Guest
Log In | Register )
The time is now 12:21 am
You last visited April 17, 2014, 12:18 am
All times shown are
Eastern Time (GMT-5:00)

$586 MILLION: Mega Millions jackpot climbs toward a new record

Mega MillionsMega Millions: $586 MILLION: Mega Millions jackpot climbs toward a new record
54
Rating:

By Todd Northrop

As tickets for the multi-state Mega Millions jackpot pump out of lottery machines across the United States, the question on lottery players minds is just how high will the jackpot go before the drawing on Tuesday night.

One lottery official says that Mega Millions ticket sales easily could push Tuesday's jackpot above last year's record $656 million prize.

No ticket matched the six numbers needed to win Friday's $425 million prize. It was raised Saturday to $550 million for Tuesday's drawing — the fourth largest in U.S. history.  Monday, the lotteries raised the estimated jackpot once again to $586 million.

The lump-sum cash value of the jackpot is now estimated to be $316.5 million.

Paula Otto, executive director of the Virginia Lottery and Mega Millions' lead director, told the Associated Press on Sunday that sales were up by as much as 20 percent over weekend numbers and were expected to spike on Tuesday, the day of the drawing.

"I think we'll be very close to the record, and maybe even surpass it," Otto said, adding that sales are difficult to predict.

"Lotto players are procrastinators. They tend to buy on the day of the draw," she said.

As of Friday, players had bought enough tickets to cover roughly half of the 259 million possible number combinations, Otto said.

A winner with a ticket matching all six numbers would have the choice of a full jackpot in 30 annual payments or a cash option of more than $316 million, before taxes.

The drawing is at 11 p.m. Eastern Time.

Lottery players seeking to check the winning numbers Tuesday night are urged to use USA Mega (www.usamega.com).  State lottery Web sites are normally sluggish or brought to a standstill during busy periods, while USA Mega normally remains responsive.

Mega Millions drawing results will be posted immediately after the 11:00 pm drawing at USA Mega. The number of winners and new jackpot will be announced after all participating states have reported their data, which normally occurs within a few hours after the drawing.

Tickets will remain on sale typically until 10:45 pm Eastern Time on Tuesday, although players should check with a lottery retailer in their state for the exact sales cutoff time. Players are advised not to wait until the last minute.

The odds of winning the jackpot are approximately 1 in 259 million. The odds of winning any of the Mega Millions prizes are 1 in 14.7.

Mega Millions tickets cost $1 each. For an extra $1 per ticket players can purchase the Megaplier option, which multiplies any non-jackpot won by up to 5 times, depending on the Megaplier number drawn that evening.

The only state that does not offer the Megaplier is California, because state law banning fixed lottery prize amounts is not compatible with the fixed nature of the Megaplier payouts.

Lottery players can see an after-tax analysis of the current Mega Millions jackpot by visiting USA Mega's Jackpot Analysis page.

Mega Millions features nine different prize levels, ranging from $1 all the way up to the jackpot. Players can win even if they just match one number — the Mega Ball number.

Top 25 United States lottery jackpots of all time

Tuesday's Mega Millions jackpot currently stands as the 4th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

  1. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  2. Powerball: $590.5 million, May 18, 2013 - Florida
  3. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  4. Mega Millions: $586 million, Dec. 17, 2013 - Preliminary estimate, not won yet
  5. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  6. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  7. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  8. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  9. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  10. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  11. Powerball: $340 million, Oct. 19, 2005 - Oregon
  12. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  13. Powerball: $337 million, Aug. 15, 2012 - Michigan
  14. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  15. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  16. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  17. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  18. Mega Millions: $319 million, Mar. 25, 2011 - New York
  19. Mega Millions: $315 million, Nov. 15, 2005 - California
  20. Powerball: $314.9 million, Dec. 26, 2002 - West Virgina
  21. Powerball: $314.3 million, Aug. 25, 2007 - Indiana
  22. Powerball: $295.7 million, Jul. 29, 1998 - Indiana
  23. Powerball: $295 million, Aug. 25, 2001 - Delaware, Kentucky, Minnesota, New Hampshire
  24. Mega Millions: $294 million, Jul. 2, 2004 - Massachusetts
  25. Powerball: $276.3 million, Mar. 15, 2008 - West Virgina

For those keeping score, the number of jackpots in the top 25, by lottery game, are:

  • Mega Millions: 9
  • Powerball: 14
  • The Big Game: 2

The Big Game is the original name of Mega Millions, from the game's first drawing on Sep. 6, 1996 through May 14, 2002.  The name was changed to Mega Millions starting with the May 17, 2002 drawing.

Top 25 cash value jackpots

Since many lottery winners collect their winnings in cash, the lump-sum payout is an important measure of what a winning ticket could be worth.

Looking at the cash value, the upcoming Mega Millions jackpot ranks as the 4th-largest cash value in U.S. history.

  1. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  2. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  3. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  4. Mega Millions: $316.5 million cash, Dec. 17, 2013 ($586 million annuity) - Preliminary estimate, not won yet
  5. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  6. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  7. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  8. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  9. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  10. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  11. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  12. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  13. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  14. Mega Millions: $194.4. million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  15. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  16. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan
  17. Powerball: $177.3 million cash, Feb. 18, 2006 ($365 million annuity) - Nebraska
  18. Mega Millions: $168 million cash, July 2, 2004 ($294 million annuity) - Massachusetts
  19. Mega Millions: $167.7 million cash, Feb. 22, 2008 ($275 million annuity) - Georgia
  20. Powerball: $166 million cash, Aug. 25, 2001 ($295 million annuity) - Delaware, Kentucky, Minnesota, New Hampshire
  21. Mega Millions: $165.2 million cash, May 4, 2010 ($266 million annuity) - California
  22. Powerball: $164.4 million cash, won Oct. 19, 2005 ($340 million annuity) - Oregon
  23. Mega Millions: $164 million cash, Feb. 28, 2006 ($270 million annuity) - Ohio
  24. Powerball: $161.5 million cash, July 29, 1998 ($295.7 million annuity) - Indiana
  25. Mega Millions: $156.1 million cash, Sept. 16, 2005 ($258 million annuity) - New Jersey

Lottery Post Staff

We'd love to see your comments here!  Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment.

75 comments. Last comment 4 months ago by Gleno.
Page 1 of 6
dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
Oklahoma
United States
Member #82391
November 12, 2009
4886 Posts
Offline
Posted: December 16, 2013, 5:18 pm - IP Logged

$586 Million Woo Hoo!!!!!!!!Banana

Win BIG everyone....White Bounce

I Love Pink & Green 1908

    Jon D's avatar - calotterylogo
    Los Angeles, California
    United States
    Member #103816
    January 5, 2011
    1415 Posts
    Offline
    Posted: December 16, 2013, 5:21 pm - IP Logged

    The March 2012 record MM JP:

    Started at $500M

    Upped to $550M day before

    Revised to $650M on draw day, finally ending up at $656M

    This run:

    Started at $550M

    Upped to $586M day before

    Revised to ????? on draw day, finally ending up at ?????

      Avatar
      md
      United States
      Member #14047
      April 20, 2005
      541 Posts
      Offline
      Posted: December 16, 2013, 5:39 pm - IP Logged

      I dont think it will be hit tomorrow, and the crazy Lottery Frenzy will be "CRAZY RIDICULOUS!!!!!!!!"

        hearsetrax's avatar - 78638c467ef281febf24383e126f74b6

        United States
        Member #52345
        May 21, 2007
        1730 Posts
        Offline
        Posted: December 16, 2013, 5:40 pm - IP Logged

        =======

        should be a most curious Wednesday morning hehehehe

          Win$500Quick's avatar - Lottery-050.jpg
          Florida
          United States
          Member #77815
          August 1, 2009
          3160 Posts
          Offline
          Posted: December 16, 2013, 5:50 pm - IP Logged

          I got my 1 ticket.

          Breadwinner!

            sandia's avatar - disney24
            TEXAS
            United States
            Member #107770
            March 13, 2011
            191 Posts
            Offline
            Posted: December 16, 2013, 6:02 pm - IP Logged

              Hello everyone, I have been incognito for a spell!!!!!!!!!!! Okay, $586 million is NOTHING to sneeze about! I will take that in a heartbeat. However, if MEGAMILLIONS is looking to surpass the POWERBALL frenzy of the highest jackpot in world history, they better ramp up that climb more rapidly.....HyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyper

              KillerDemo's avatar - SFG
              209 Cen-Cali
              United States
              Member #142162
              May 4, 2013
              38 Posts
              Offline
              Posted: December 16, 2013, 6:23 pm - IP Logged

              I hope it hits a Billion

                Avatar
                New Member
                Burnsville, MN
                United States
                Member #113641
                July 13, 2011
                7 Posts
                Offline
                Posted: December 16, 2013, 6:26 pm - IP Logged

                Mega Millions has its own world record to beat, not Powerball's. Powerball hasn't cracked $600M (yet), whereas Mega Millions owns the record at $656M. Could be pretty interesting to see if this cranks above $700M...

                 

                I'm a procrastinator, I'm buying mine tomorrow. Also, my company's holiday party is tomorrow. This could be a VERY fun night :)

                  helpmewin's avatar - dandy
                  DON'T HATE THE PLAYA HATE THE GAME
                  u$a
                  United States
                  Member #106669
                  February 22, 2011
                  16291 Posts
                  Offline
                  Posted: December 16, 2013, 7:08 pm - IP Logged

                  I got my 1 ticket.

                  I Got my one ticket today also. GOOD LUCK EVERYONE Party

                                   

                    helpmewin's avatar - dandy
                    DON'T HATE THE PLAYA HATE THE GAME
                    u$a
                    United States
                    Member #106669
                    February 22, 2011
                    16291 Posts
                    Offline
                    Posted: December 16, 2013, 7:10 pm - IP Logged

                    =======

                    should be a most curious Wednesday morning hehehehe

                    Green laugh WHERE YOU FIND THAT CAT Green laugh

                                     

                      OldSchoolPa's avatar - Lottery-057.jpg
                      Gurnee, Illinois
                      United States
                      Member #49731
                      February 12, 2007
                      835 Posts
                      Offline
                      Posted: December 16, 2013, 7:12 pm - IP Logged

                      I hate to be Buzzkill Bud (side kick to Debbie Downer), but it really does not matter what the jackpot amount is except if you are holding the winning ticket. My heart is not beating none the faster with the increased jackpot level.

                      Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

                      The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

                        dpoly1's avatar - driver
                        PA
                        United States
                        Member #66141
                        October 16, 2008
                        1422 Posts
                        Offline
                        Posted: December 16, 2013, 7:19 pm - IP Logged

                        Just the right size for me LOL!

                        I will have high tea if I take home this prize!

                        Dance

                        dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                         

                        Eschew Poverty ........... Vote Conservative!

                          Teddi's avatar - Lottery-008.jpg

                          United States
                          Member #142504
                          May 13, 2013
                          504 Posts
                          Offline
                          Posted: December 16, 2013, 7:22 pm - IP Logged

                          The March 2012 record MM JP:

                          Started at $500M

                          Upped to $550M day before

                          Revised to $650M on draw day, finally ending up at $656M

                          This run:

                          Started at $550M

                          Upped to $586M day before

                          Revised to ????? on draw day, finally ending up at ?????

                          Hmm. I say $625M by midday. After that, no idea. I do know that if it rolls, Friday will be insane. I think people will be plunking down their paychecks and bonuses to buy a crapload of tickets.

                            mightwin's avatar - questns

                            United States
                            Member #103789
                            January 5, 2011
                            442 Posts
                            Offline
                            Posted: December 16, 2013, 7:41 pm - IP Logged

                              Hello everyone, I have been incognito for a spell!!!!!!!!!!! Okay, $586 million is NOTHING to sneeze about! I will take that in a heartbeat. However, if MEGAMILLIONS is looking to surpass the POWERBALL frenzy of the highest jackpot in world history, they better ramp up that climb more rapidly.....HyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyperHyper

                            Powerball has the worlds largest jackpot??.......huh!