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$370 MILLION: Mega Millions sets all-time lottery jackpot record

Mega MillionsMega Millions: $370 MILLION: Mega Millions sets all-time lottery jackpot record

The Mega Millions Jackpot has broken an all-time, worldwide record. It now stands at $370 million and tickets are selling at an amazing rate.

New Jersey officials report Mega Millions tickets are selling in that state at a rate of 700,000 tickets per hour, and that won't even match what they expect during "rush hour." Officials say early evening is when they sell the most tickets, and that's when they expect to hit 1.2 million ticket sales per hour. Sales close at all locations at 10:45 pm.

The results will be shown at www.usamega.com minutes after the drawing takes place.

The jackpot is so huge that tonight's drawing has been moved from Atlanta to Times Square. New York Lottery diva Yolanda Vega will be on hand to draw the winning numbers for the historic prize.

The odds of winning the jackpot are about 1 in 176 million. But there are also secondary prizes, starting from $2 on up. The odds there are about 1 in 40 — which means, of course, you still could parlay your winning back into more tickets in case nobody wins the jackpot Tuesday.

The previous record-holder was Powerball, at $365 million on February 18, 2006, which was claimed by 8 meat plant workers in Nebraska.

Other significant records: in 2002, three winners shared a Mega Millions jackpot of $331 million. Powerball has the record for the largest single winner with $314.9 million won on Christmas Day.

Lottery Post Staff

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58 comments. Last comment 10 years ago by psykomo.
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New Member
Atlanta
United States
Member #50297
March 3, 2007
2 Posts
Offline
Posted: March 6, 2007, 12:29 pm - IP Logged

The only thing I hope for is when the person who will be blessed with this astronomical amount of money will be smart and use good judgement when handling it. I say this because I notice when the jackpot gets this big and someone wins, their fortune always seem to end up in turmoil.

 

Good Luck to Everyone who plays tonight!!!Smile

    Todd's avatar - Cylon 2.gif
    Chief Bottle Washer
    New Jersey
    United States
    Member #1
    May 31, 2000
    23259 Posts
    Offline
    Posted: March 6, 2007, 12:32 pm - IP Logged

    Aw, come on, I hope I win it so I can go spend a lot of money! Big Grin

     

    Check the State Lottery Report Card
    What grade did your lottery earn?

     

    Sign the Petition for True Lottery Drawings
    Help eliminate computerized drawings!

      Bradly_60's avatar - disney37
      Atlantic Mine, Michigan
      United States
      Member #416
      June 23, 2002
      1614 Posts
      Offline
      Posted: March 6, 2007, 12:37 pm - IP Logged

      Well at least we beat the record out right now....we always had it with the cash option but now MM is the ruler once again!

       There is no way no one is going to win tonight.  I will be very suprised it only 1 ticket matches all the numbers.

      B-rad

        Avatar
        Greenwich, CT
        United States
        Member #4793
        May 24, 2004
        1822 Posts
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        Posted: March 6, 2007, 12:41 pm - IP Logged

        If I win, I will have to hop into my car and drive around, screaming, just so that no one hears me and thinks there's a crime being committed!

          Raven62's avatar - binary
          New Jersey
          United States
          Member #17843
          June 28, 2005
          49642 Posts
          Offline
          Posted: March 6, 2007, 12:49 pm - IP Logged

          Well at least we beat the record out right now....we always had it with the cash option but now MM is the ruler once again!

           There is no way no one is going to win tonight.  I will be very suprised it only 1 ticket matches all the numbers.

          B-rad

          I can see the headlines now:

          370 Quick Pick Tickets Matched All 6 Numbers on Last Nights MegaMillions Drawing! LOL!

          A mind once stretched by a new idea never returns to its original dimensions!

            Bradly_60's avatar - disney37
            Atlantic Mine, Michigan
            United States
            Member #416
            June 23, 2002
            1614 Posts
            Offline
            Posted: March 6, 2007, 12:54 pm - IP Logged

            Well I just did the math and they are selling about $150,000,000 worth of tickets for this drawing.  I believe that might be a record in itself but the May 2000 draw might have actually sold more.  So I highly doubt someone is not going to win this drawing and if by a very slim chance no one does it will be amazing to see the next jackpot numbers.

            B-rad

              Avatar

              United States
              Member #24439
              October 22, 2005
              638 Posts
              Offline
              Posted: March 6, 2007, 1:08 pm - IP Logged

              Multiple Winners!!!

               

              I wasn't gonna get on board but the talked about it on Today's show. I thought I better do something.

              Since I got my tickets over the internet, maybe after I come out of jail I will enjoy the money.

                gocart1's avatar - lighthouse
                ONEONTA,NEW YORK
                United States
                Member #30516
                January 17, 2006
                419 Posts
                Offline
                Posted: March 6, 2007, 1:10 pm - IP Logged

                hey todd.if i win i'll buy you a new vet......

                  Avatar
                  Greenwich, CT
                  United States
                  Member #4793
                  May 24, 2004
                  1822 Posts
                  Offline
                  Posted: March 6, 2007, 1:12 pm - IP Logged

                  You know they have to be lowballing the estimate.  How embarrassing would that be..."Well, we thought we had snatched the record from PB, but the jackpot was really $362 million, so we didn't even beat the Big Game."

                  Dare I mention it....when the dust settles, could tonight reach the $400,000,000 level??? 

                    Avatar
                    California
                    United States
                    Member #46824
                    October 1, 2006
                    270 Posts
                    Offline
                    Posted: March 6, 2007, 1:16 pm - IP Logged

                    Well I just did the math and they are selling about $150,000,000 worth of tickets for this drawing.  I believe that might be a record in itself but the May 2000 draw might have actually sold more.  So I highly doubt someone is not going to win this drawing and if by a very slim chance no one does it will be amazing to see the next jackpot numbers.

                    B-rad

                    Bradly_60...my figures show if the jackpot stays at $370 million in ticket sales will be at $173.4 million for this drawing.  Either way that is a lot of tickets.

                    Anywhere on the net where you can find sales for the May 2000 draw?

                    Odds are now if favor (i.e. greater then 50%) that someome will win on this draw.

                      spy153's avatar - maren

                      United States
                      Member #28409
                      December 15, 2005
                      1198 Posts
                      Offline
                      Posted: March 6, 2007, 1:29 pm - IP Logged

                      I think there will have to be a recalculation on the lump sum after the draw. Oh, lets call it a hunch.

                      voir-vous dans mes reves!Cool

                        Avatar
                        Coastal Georgia
                        United States
                        Member #2653
                        October 30, 2003
                        1866 Posts
                        Offline
                        Posted: March 6, 2007, 1:34 pm - IP Logged

                        Multiple JP winners for sure.

                         

                        At least 3 is my prediction.

                         

                                                       

                                      

                         

                         

                          Avatar
                          NY
                          United States
                          Member #23835
                          October 16, 2005
                          3474 Posts
                          Offline
                          Posted: March 6, 2007, 1:58 pm - IP Logged

                          You know they have to be lowballing the estimate.  How embarrassing would that be..."Well, we thought we had snatched the record from PB, but the jackpot was really $362 million, so we didn't even beat the Big Game."

                          Dare I mention it....when the dust settles, could tonight reach the $400,000,000 level??? 

                          I'm sure they're still lowballing the estimate by a bit, but I'm guessing sales will come pretty close to whatever their real estimate is. They may not have much data for sales at this level, but they have an enormous amount of data on buying patterns over the time between drawings. That data tells them that over the long term n% of tickets are sold from 6AM  until noon the day afetr a roll,  n2% are sold from noon to 6PM , n3% are sold from 6PM until midnight, and so on.

                          When they made their first estimate of 340 they knew they were being conservative and they did it based on an estimate of overall sales for the  whole 4 day period. Whatever time somebody started working on the most recent estimate, they already knew how many tickets were sold in the first  85% of the total sales period. By modeling the current estimate on the pattern of previous sales they're probably going to come very close. How conservative they were is probably a bigger factor than how close the real estimate will be. I'd guess it will finish off close to 375, with a reasonable chance of hitting 380.

                          The only way it will hit 400 is if an enormous number of peolpe who virtually never buy tickets  and haven't shown up in previosu data stop on the way home from work to buy tickets. Assuming the real estimate is 375, boosting it to 400 would require selling almost 50 million more tickets.

                          Probability almost certainly suggest a single winner for tonight.  The uncertainty is in how many combinations aren't picked randomly. Fewer random picks favors a roll. Unless sales do push it quite a bit higher multiple winners is less likely than a roll.

                            Avatar
                            Greenwich, CT
                            United States
                            Member #4793
                            May 24, 2004
                            1822 Posts
                            Offline
                            Posted: March 6, 2007, 2:11 pm - IP Logged

                            We will see.  Before noon, it wasn't the largest jackpot in North American history.  New lottery pools are being formed left and right this afternoon at workplaces.

                            This is fun!