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$242 MILLION: Mega Millions lottery jackpot continues to climb

Mega MillionsMega Millions: $242 MILLION: Mega Millions lottery jackpot continues to climb
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Interest peaking in Friday's mega-draw

By Todd Northrop

What started yesterday as a $237 million jackpot estimate has become a $242 million estimate a day later.

Lottery officials have raised the official annuity jackpot estimate for tomorrow night's Mega Millions drawing to $242 million.

The cash option likewise has been raised another $3.2 million to a whopping $154 million.

Lottery players interested in learning how taxes will affect the annuity and cash payouts can visit USA Mega's Jackpot Analysis page.

When an official jackpot estimate is raised prior to the drawing, it is a sure sign of astronomical sales.  The interest in the Mega Millions drawing Friday is being sparked by a combination of the New Year's Eve drawing date, plus the fact that a jackpot this large hasn't been seen since May.

If nobody hits the jackpot Friday, the new Mega Millions jackpot will surely be the largest since August 28, 2009, when two winning tickets from California and New York took down a $336 million mega-jackpot. 

The cash value of that drawing was $210 million. 

The Mega Millions drawing will be held Friday at 11:00 pm Eastern Time.  The winning numbers will be published right after the drawing at USA Mega (www.usamega.com).

Lottery Post Staff

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36 comments. Last comment 6 years ago by luisM.
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KSplayer's avatar - lightening
KS
United States
Member #103006
December 29, 2010
108 Posts
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Posted: December 30, 2010, 2:44 pm - IP Logged

i will be clicking my red shoes together and dreaming of Kansas......theres no place like home!!!!!!!!!!

i have my ticket ready to claim my jackpot prize monday morning anonymously of course

 

 

DREAMS DO COME TRUE!!!!!!!!!!!Blue Angel

    Avatar
    Florida
    United States
    Member #102882
    December 27, 2010
    334 Posts
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    Posted: December 30, 2010, 2:44 pm - IP Logged

    I found the lottery analysis from USA Mega very helpful. It looks like New Jersey takes a hefty tax out of your winnings. I was also surprised that California has no state tax on lottery winnings. Perhaps another reason why California is always in a financial crisis. Go figure.

      Avatar
      Florida
      United States
      Member #102882
      December 27, 2010
      334 Posts
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      Posted: December 30, 2010, 2:46 pm - IP Logged

      i will be clicking my red shoes together and dreaming of Kansas......theres no place like home!!!!!!!!!!

      i have my ticket ready to claim my jackpot prize monday morning anonymously of course

       

       

      DREAMS DO COME TRUE!!!!!!!!!!!Blue Angel

      Very funny post KSplayer. What about theWiced Witch of the West (aka Joan Ginther) she may come along and take your winnings.

      PS. I have no ill will against 4 time lottery winner Joan. I'm just trying to be funny.

        dpoly1's avatar - driver
        PA
        United States
        Member #66141
        October 16, 2008
        1672 Posts
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        Posted: December 30, 2010, 3:20 pm - IP Logged

        Alright !

        I can get a $100 Million EFT from the PA Lottery early next year !

        One Ticket - One Winner !

        Party The only way I will go green ! Green with money !

        I'm dreaming of a Green New Years !

          KSplayer's avatar - lightening
          KS
          United States
          Member #103006
          December 29, 2010
          108 Posts
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          Posted: December 30, 2010, 3:24 pm - IP Logged

          Very funny post KSplayer. What about theWiced Witch of the West (aka Joan Ginther) she may come along and take your winnings.

          PS. I have no ill will against 4 time lottery winner Joan. I'm just trying to be funny.

          I hope not i might just have to drop a house on her luisM 

          same here no ill will just being funnyBig Smile

            Avatar
            Florida
            United States
            Member #102882
            December 27, 2010
            334 Posts
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            Posted: December 30, 2010, 3:34 pm - IP Logged

            I think it's great that you get to claim anonymously in Kansas. Here in Florida no way. There was a lottery winner who was murdered over his winnings. I say change the law so you remain anonymous for safety

              butterflykt's avatar - Lottery-043.jpg

              United States
              Member #102743
              December 25, 2010
              108 Posts
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              Posted: December 30, 2010, 3:39 pm - IP Logged

              I found the lottery analysis from USA Mega very helpful. It looks like New Jersey takes a hefty tax out of your winnings. I was also surprised that California has no state tax on lottery winnings. Perhaps another reason why California is always in a financial crisis. Go figure.

              No state tax on winnings in Washington either, a different story if I cross the bridge into Oregon.  I'll buy three tickets for tomorrow's drawing.  I wouldn't care if I had to split the money with ten people.  Some money is better than no money and lord knows I need it.

              All things are possible to those that believe!!!!!!Wink

                KSplayer's avatar - lightening
                KS
                United States
                Member #103006
                December 29, 2010
                108 Posts
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                Posted: December 30, 2010, 4:17 pm - IP Logged

                I think it's great that you get to claim anonymously in Kansas. Here in Florida no way. There was a lottery winner who was murdered over his winnings. I say change the law so you remain anonymous for safety

                I agree if and you have kids it is even more important you never know what kind of crazy people are out there and what they will do for money

                  Avatar
                  Florida
                  United States
                  Member #102882
                  December 27, 2010
                  334 Posts
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                  Posted: December 30, 2010, 4:23 pm - IP Logged

                  Also another bad thing about Florida is that Blind Trusts are not allowed. You can claim with a trust but the trustee's name is published. same deal with LLC's ;-(

                    sully16's avatar - sharan
                    Ringleader
                    Michigan
                    United States
                    Member #81740
                    October 28, 2009
                    40339 Posts
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                    Posted: December 30, 2010, 6:17 pm - IP Logged

                    When I went to play my midday numbers the store was already lined up with meag-millions players.

                    My husband got 5 easy picks, I'll pick my own.

                    Did you exchange a walk on part in the war ?

                    For a lead role in a cage?

                     

                                                                From Pink Floyd's " Wish you were here"

                      barbos's avatar - gold bar-and-cash1.jpg
                      California
                      United States
                      Member #23908
                      October 17, 2005
                      122 Posts
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                      Posted: December 30, 2010, 6:24 pm - IP Logged

                      Letit grow, letit grow, letit grow!  Hyper

                        RJOh's avatar - chipmunk
                        mid-Ohio
                        United States
                        Member #9
                        March 24, 2001
                        19817 Posts
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                        Posted: December 30, 2010, 6:44 pm - IP Logged

                        With the amount of interest being shown for Friday's MM drawing, LP could set new record Friday night for the number of people on line.

                         * you don't need to buy more tickets, just buy a winning ticket * 
                           
                                     Evil Looking       

                          ttech10's avatar - blobdude
                          Texas
                          United States
                          Member #92330
                          June 5, 2010
                          887 Posts
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                          Posted: December 30, 2010, 8:12 pm - IP Logged

                          I was having a feeling it would be raised again. I've seen so many people buying them compared to almost none, I've even seen a few people in the 20-30 age range getting some.

                           

                          Looks like I gotta get out and pick up a few more before tomorrow night.


                            United States
                            Member #103156
                            December 31, 2010
                            24 Posts
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                            Posted: December 31, 2010, 12:55 am - IP Logged

                            I had a dream I played those numbers 02, 17, 20, 48, 51 and megaball 13...Anyone who want can try their luck using those numbers. I don't want to win by myself. Good luck to all