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$330 MILLION: Mega Millions lottery jackpot nears record high

Mega MillionsMega Millions: $330 MILLION: Mega Millions lottery jackpot nears record high
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By Todd Northrop

Mega Millions lottery players across the United States are pulling out the stops for the Tuesday evening drawing, which now stands as the largest Mega Millions grand prize since August, 2009.

The estimated jackpot of the January 4, 2011 Mega Millions drawing was raised Monday from $290 million to $330 million because of heavier than expected sales in all Mega Millions states.

Likewise, the lump-sum cash value of the massive grand prize was raised to $208.3 million, and increase of $25.7 million from the initial estimate made early Saturday morning.

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 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 Mega Millions states have reported their data, which normally occurs within a couple of 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.

If the jackpot is not won on Tuesday, the Friday jackpot may become the largest lottery jackpot in history.

The odds of winning the jackpot are approximately 1 in 176 million. The odds of winning any of the Mega Millions prizes are approximately 1 in 40.

Mega Millions features nine different prize levels, ranging from $2 all the way up to the jackpot. Players can win even if they just match one number — the Mega Ball number.

Most states also offer the Megaplier option for an extra dollar per ticket purchased.  The Megaplier multiplies any non-jackpot prizes won by 2, 3, or 4 times, depending on the Megaplier number drawn that evening. 

Players who purchase the Megaplier and win second prize will automatically have their prize increased by 4x to $1 million.

Lottery Post Staff

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125 comments. Last comment 6 years ago by Coin Toss.
Page 1 of 9
emerald64's avatar - 8ball
suffolk county, Long Island, NY
United States
Member #56449
November 19, 2007
1508 Posts
Offline
Posted: January 3, 2011, 12:14 pm - IP Logged

             WOW - just let me win a part of that ..oooooh  boooy Cool

    Avatar
    Massachusetts
    United States
    Member #78798
    August 21, 2009
    336 Posts
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    Posted: January 3, 2011, 12:40 pm - IP Logged

    my god, 400+ next draw if it rolls.

      barbos's avatar - gold bar-and-cash1.jpg
      California
      United States
      Member #23908
      October 17, 2005
      122 Posts
      Offline
      Posted: January 3, 2011, 12:40 pm - IP Logged

      Grow baby GROW! Hyper

       I'll bet if nobody hits this time its gonna be half a billion.

       

      Sun Smiley

        sully16's avatar - sharan
        Ringleader
        Michigan
        United States
        Member #81740
        October 28, 2009
        40339 Posts
        Online
        Posted: January 3, 2011, 12:42 pm - IP Logged

        WOW, How exciting is this.Hyper

        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"

          Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
          Little Rock, AR
          United States
          Member #68365
          December 19, 2008
          241 Posts
          Offline
          Posted: January 3, 2011, 12:45 pm - IP Logged

          141 million after taxes! I think i can live with that.

            barbos's avatar - gold bar-and-cash1.jpg
            California
            United States
            Member #23908
            October 17, 2005
            122 Posts
            Offline
            Posted: January 3, 2011, 12:48 pm - IP Logged

            141 million after taxes! I think i can live with that.

              You won't believe how many cousins you've got.

              joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

              United States
              Member #32537
              February 12, 2006
              698 Posts
              Offline
              Posted: January 3, 2011, 12:53 pm - IP Logged

              i knew it would be above 300, and just above 200 million cash

              but 208 m in cash, i understated it a bit rofl

              its now the 3 largest jackpot cash wise in history, what a monster we have on our hands

               

              Annuity Cash

              Mega Millions Jackpot for Mar. 6, 2007   

              $390,000,000


              $233,000,000

              Mega Millions Jackpot for Aug. 28, 2009   

                   $336,000,000

                                       

              $210,000,000

              and now our current jacktop,  is 2 million away form taking #2 spot in biggest cashs jackpot ever in history,

              the irs will take a full 35% thro as thats the max rate

              Your net payout: $135,200,000  and if you live in a state with income tax also, oh, best check usa mega for your state math added on 35% the irs is taking



              if it rolls, it will beat 233m cash world record by a landsilde, it will murder the cap

              , i wont even try to guest what it be, but it be will above 270m  cash must likly and marketed as 400m + jackpot annuity lol

              lotto history is about to be made maybe as todd said

               

               

              i enjoy these insane jackpot amounts, how would i invest/and spend 135m cash,  o what fun it is to have my imagination run wild with the idea

                zinniagirl's avatar - flower avatar_0026.jpg
                nc
                United States
                Member #99520
                October 26, 2010
                375 Posts
                Offline
                Posted: January 3, 2011, 12:59 pm - IP Logged

                When you are dreaming about this, remember that the tax amount quoted on the analysis page is just a withholding.   After they take out takes, you may still need to send in an estimated tax differential.  Every situation is different of course.

                 

                Good luck to everyone.   Just may have to actually buy a ticket this time.

                  dpoly1's avatar - driver
                  PA
                  United States
                  Member #66141
                  October 16, 2008
                  1672 Posts
                  Offline
                  Posted: January 3, 2011, 1:07 pm - IP Logged

                  I can't wait for the approximately $135 million EFT after Federal Taxes!

                  See Ya!

                  my Grey Violet Bentley will announce a quite grand midlife crisis!

                  One Ticket ........... One Winner!

                  .......... don't have to wait in line .......... got my ticket on Saturday!

                  Good luck to my lottery post friends ............

                    KSplayer's avatar - lightening
                    KS
                    United States
                    Member #103006
                    December 29, 2010
                    108 Posts
                    Offline
                    Posted: January 3, 2011, 1:25 pm - IP Logged

                    WOW 

                    bought my ticket hope it's a winner!!!!!!!!!!!!!!!Banana

                     

                     

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

                     

                    GOOD LUCK TO EVERYONELep

                      Avatar
                      New Jersey
                      United States
                      Member #77101
                      July 13, 2009
                      7805 Posts
                      Offline
                      Posted: January 3, 2011, 1:38 pm - IP Logged

                      I'm thinking the jackpot amount will be bumped up

                      one more time before the drawing tomorrow night.Lep

                      Whoever said money can't buy happiness simply didn't know where to go shopping

                        Todd's avatar - Cylon 2.gif
                        Chief Bottle Washer
                        New Jersey
                        United States
                        Member #1
                        May 31, 2000
                        23260 Posts
                        Online
                        Posted: January 3, 2011, 1:40 pm - IP Logged

                        I'm thinking the jackpot amount will be bumped up

                        one more time before the drawing tomorrow night.Lep

                        The Arkansas Lottery released a statement today indicating that is probable.

                         

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

                         

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

                          Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
                          Little Rock, AR
                          United States
                          Member #68365
                          December 19, 2008
                          241 Posts
                          Offline
                          Posted: January 3, 2011, 1:42 pm - IP Logged

                          The Arkansas Lottery released a statement today indicating that is probable.

                          Yay! Go Arkansas!

                            Avatar
                            New Jersey
                            United States
                            Member #77101
                            July 13, 2009
                            7805 Posts
                            Offline
                            Posted: January 3, 2011, 1:48 pm - IP Logged

                            Lottery fever is in full effect -

                            some people will spend a hundred dollars

                            or more trying to win this jackpot -

                            and the winner will probably be someone who spent

                            $1 on a quick pick

                            Jester Laugh

                            Whoever said money can't buy happiness simply didn't know where to go shopping