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$415 MILLION: 3rd-largest Mega Millions jackpot ever

Mega MillionsMega Millions: $415 MILLION: 3rd-largest Mega Millions jackpot ever
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By Todd Northrop

Lottery players across the United States will be lining up at lottery retailers for their chance to win Friday's massive $415 million Mega Millions jackpot, after nobody won Tuesday's $390 million grand prize.

The cash value stands at a staggering $286.4 million.

With the new Friday jackpot, both the annuity jackpot and lump-sum cash value are now in the top 10 United States lottery jackpots of all time.  The annuity and cash values are also the third-largest Mega Millions prizes ever seen. (See full top-25 list below.)

Friday's Mega Millions jackpot is the accumulation of an unprecedented 32 consecutive drawings without a top prize winner.  The current jackpot run-up started on March 11 as a $15 million grand prize.

Players should note that jackpot amounts are conservative estimates provided by the lotteries, and are often somewhat higher by the time the drawing occurs.

In the latest Mega Millions drawing that took place this past Tuesday night, there was no jackpot winner, but 2 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from New Jersey and 1 from Texas.

Neither of the second-prize winners purchased their ticket with the Megaplier option for an extra $1 per play. If they had, their prize would have been doubled to $2 million, because the Megaplier number drawn was 2.

The Megaplier option is not available in California, because the fixed nature of the prize increase offered with the Megaplier is not compatible with California's pari-mutuel payouts. By law, California awards all prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold and the number of tickets that won at each prize level.

A total of 99 tickets matched four of the first five numbers plus the Mega Ball to win a $5,000 prize. Of those tickets, 9 were purchased with the Megaplier option, increasing the prize to $10,000, and 13 were sold in California, where the prize awarded this drawing is $4,417.

The Mega Millions winning numbers for Tuesday, June 28, 2016, were 15, 17, 20, 35, and 55, with Mega Ball number 7. The Megaplier number was 2.

Following the Tuesday drawing, the Mega Millions annuity jackpot estimate was raised $25 million from its previous amount of $390 million. The cash value was raised by $21 million, from its previous amount of $265.4 million.

The near-parity of jackpot increase between the annuity and cash values points to low interest rates driven by the poor economy being a major culprit behind the slow increase of the annuity jackpot seen in the current run-up.  Three years ago, when Mega Millions was rising quickly every drawing, interest rates were ensuring an annuity increase of around 75% more than the cash value increase.  Today, it's less than 20%.

Mega Millions is currently offered for sale in 44 states, plus Washington, D.C. and the U.S. Virgin Islands. Drawings are Tuesdays and Fridays at 11:00 pm Eastern Time. Tickets cost $1 each.

The Mega Millions winning numbers are published at USA Mega (www.usamega.com) minutes after the drawing takes place.

Top 25 United States lottery jackpots of all time

Friday's Mega Millions jackpot currently stands as the 10th-largest lottery jackpot of all time in the United States.  That position may rise before the drawing Friday night, as lotteries are typically conservative in their initial estimates, and brisk sales may push the jackpot estimate higher by draw time.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 - California, Florida, Tennessee
  2. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  3. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  4. Powerball: $590.5 million, May 18, 2013 - Florida
  5. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  6. Powerball: $564.1 million, Feb. 7, 2015 - North Carolina, Puerto Rico, Texas
  7. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  8. Powerball: $429.6 million, May 7, 2016 - New Jersey
  9. Powerball: $425.3 million, Feb. 19, 2014 - California
  10. Mega Millions: $415 million, Jul. 1, 2016 - Preliminary estimate, not won yet
  11. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  12. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  13. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey
  14. Mega Millions: $380 million, Jan. 4, 2011 - Idaho, Washington
  15. Powerball: $365 million, Feb. 18, 2006 - Nebraska
  16. The Big Game: $363 million, May 9, 2000 - Illinois, Michigan
  17. Powerball: $340 million, Oct. 19, 2005 - Oregon
  18. Powerball: $338.3 million, Mar. 23, 2013 - New Jersey
  19. Powerball: $337 million, Aug. 15, 2012 - Michigan
  20. Powerball: $336.4 million, Feb. 11, 2012 - Rhode Island
  21. Mega Millions: $336 million, Aug. 28, 2009 - California, New York
  22. The Big Game: $331 million, Apr. 16, 2002 - Georgia, Illinois, New Jersey
  23. Mega Millions: $330 million, Aug. 31, 2007 - Maryland, New Jersey, Texas, Virginia
  24. Mega Millions: $321 million, Nov. 4, 2014 - New York
  25. Mega Millions: $319 million, Mar. 25, 2011 - New York

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

  • Powerball: 13
  • Mega Millions: 10
  • 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 7th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  3. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  4. Powerball: $381.1 million cash, Feb. 7, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  5. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  6. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  7. Mega Millions: $286.4 million cash, Jul. 1, 2016 ($415 million annuity) - Preliminary estimate, not won yet
  8. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  9. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  10. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  11. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  12. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  13. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California
  14. Powerball: $224.7 million cash, Aug. 15, 2012 ($337 million annuity) - Michigan
  15. Powerball: $223.3 million cash, Sep. 18, 2013 ($399.4 million annuity) - South Carolina
  16. Mega Millions: $214 million cash, Aug. 28, 2009 ($336 million annuity) - California, New York
  17. Powerball: $211 million cash, Mar. 23, 2013 ($338.3 million annuity) - New Jersey
  18. Powerball: $210 million cash, Feb. 11, 2012 ($336.4 million annuity) - Rhode Island
  19. Mega Millions: $202.9 million cash, Mar. 25, 2011 ($319 million annuity) - New York
  20. Mega Millions: $197.5 million cash, Nov. 4, 2014 ($321 million annuity) - New York
  21. Powerball: $197.4 million cash, Sep. 30, 2015 ($310.5 million annuity) - Michigan
  22. Mega Millions: $194.4 million cash, Aug. 31, 2007 ($330 million annuity) - Maryland, New Jersey, Texas, Virginia
  23. Powerball: $191.9 million cash, Mar. 2, 2016 ($291.4 million annuity) - Florida
  24. Mega Millions: $185 million cash, Nov. 15, 2005 ($315 million annuity) - California
  25. The Big Game: $180 million cash, May 9, 2000 ($363 million annuity) - Illinois, Michigan

The number of cash value jackpots in the top 25, by lottery game, are:

  • Powerball: 13
  • Mega Millions: 11
  • The Big Game: 1

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119 comments. Last comment 5 months ago by WinWinChicDin.
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hearsetrax's avatar - 0118

United States
Member #52345
May 21, 2007
2657 Posts
Online
Posted: June 29, 2016, 10:26 am - IP Logged

Type Good luck to those playing 

    bigbuckswede's avatar - Riksbanken 2010000.jpeg

    Sweden
    Member #153629
    March 20, 2014
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    Posted: June 29, 2016, 10:29 am - IP Logged

    NOW the frenzy will begin at last.

    Return of Investment, ROI 2014 20% | ROI 2015 20% | ROI 2016 14,45%


      United States
      Member #106134
      February 13, 2011
      806 Posts
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      Posted: June 29, 2016, 10:40 am - IP Logged

      It will not be won until ALL 258,890,850 number combinations are sold.  Bank on it!

        golfer1960's avatar - Lottery-003.jpg
        Eatontown, NJ
        United States
        Member #119670
        November 29, 2011
        740 Posts
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        Posted: June 29, 2016, 10:58 am - IP Logged

        It will not be won until ALL 258,890,850 number combinations are sold.  Bank on it!

        laugh

        That's funny JJ...

          Kingofearth's avatar - Kinnak
          Upstate NY
          United States
          Member #174656
          May 5, 2016
          750 Posts
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          Posted: June 29, 2016, 11:49 am - IP Logged

          It will not be won until ALL 258,890,850 number combinations are sold.  Bank on it!

          I might be wrong but I'm pretty sure not even the billion dollar Powerball got that many combo's sold. They said on the news at the time that only 83% of PB's 292M combo's  were used. 

            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
            Bay Area - California
            United States
            Member #136477
            December 12, 2012
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            Posted: June 29, 2016, 11:59 am - IP Logged

            l did say that the winner/ winners would be close to a body of water- in this particular situation 2nd place finishing applies as well.  NJ & TX.

            ** Now if only I can get my numbers to gel.

            People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

              Kingofearth's avatar - Kinnak
              Upstate NY
              United States
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              May 5, 2016
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              Posted: June 29, 2016, 12:46 pm - IP Logged

              l did say that the winner/ winners would be close to a body of water- in this particular situation 2nd place finishing applies as well.  NJ & TX.

              ** Now if only I can get my numbers to gel.

              UMMM.... The Texas winner is nowhere close to any body of water. The ticket was purchased in the western part of the state, far from the Gulf of Mexico. 

                Kingofearth's avatar - Kinnak
                Upstate NY
                United States
                Member #174656
                May 5, 2016
                750 Posts
                Offline
                Posted: June 29, 2016, 1:22 pm - IP Logged

                NOW the frenzy will begin at last.

                In order to get a frenzy, it needs to be covered by the news and other media. It isn't being covered and thus it won't get many occasional players attention. 

                  music*'s avatar - nw bookeep.jpg
                  Happy California
                  United States
                  Member #157856
                  August 2, 2014
                  1506 Posts
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                  Posted: June 29, 2016, 1:45 pm - IP Logged

                   I hope to be the sole winner here in California. $172,988,270.00 will be the amount I will end up with after the deduction and all taxes are paid by tax day in April, 2017.

                   Lump Sum all the way because of what Todd wrote about interest rates being so low.

                   I am confident that my discount stock brokerage will teach me how to trade stocks successfully. 

                   The winners' life will change suddenly and a lot of past winners were not ready to win.

                   I will not forget where I came from. LP included.

                   I've been rich and I've been poor. Believe me, rich is better. 

                   Attributed to Joe E. Lewis and others

                    noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                    Bay Area - California
                    United States
                    Member #136477
                    December 12, 2012
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                    Posted: June 29, 2016, 1:57 pm - IP Logged

                    UMMM.... The Texas winner is nowhere close to any body of water. The ticket was purchased in the western part of the state, far from the Gulf of Mexico. 

                    l called it and you know it.  When l write " the winner/ winners will be close to a body of water"  l mean that the winner resides in the State that is close to the Ocean. Btw- how do you know if there is not a healthy spring or lake close to where the ticket was purchased? See? 

                    People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.

                      music*'s avatar - nw bookeep.jpg
                      Happy California
                      United States
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                      Posted: June 29, 2016, 2:01 pm - IP Logged

                      l called it and you know it.  When l write " the winner/ winners will be close to a body of water"  l mean that the winner resides in the State that is close to the Ocean. Btw- how do you know if there is not a healthy spring or lake close to where the ticket was purchased? See? 

                      There is a lake near the Big Bend National Park in Texas.

                       I've been rich and I've been poor. Believe me, rich is better. 

                       Attributed to Joe E. Lewis and others

                        Kingofearth's avatar - Kinnak
                        Upstate NY
                        United States
                        Member #174656
                        May 5, 2016
                        750 Posts
                        Offline
                        Posted: June 29, 2016, 2:03 pm - IP Logged

                        l called it and you know it.  When l write " the winner/ winners will be close to a body of water"  l mean that the winner resides in the State that is close to the Ocean. Btw- how do you know if there is not a healthy spring or lake close to where the ticket was purchased? See? 

                        I looked on the Texas lottery website and it said the town it was purchased in. I wikipedia'd it, The town was named after a hot spring nearby that has since dried up. 

                          music*'s avatar - nw bookeep.jpg
                          Happy California
                          United States
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                          August 2, 2014
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                          Posted: June 29, 2016, 2:10 pm - IP Logged

                          I looked on the Texas lottery website and it said the town it was purchased in. I wikipedia'd it, The town was named after a hot spring nearby that has since dried up. 

                           Texas was an independent country before becoming a State. It has a lot of history. Texans are a proud people. The early twentieth Century in Texas is interesting.

                           I've been rich and I've been poor. Believe me, rich is better. 

                           Attributed to Joe E. Lewis and others

                            noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
                            Bay Area - California
                            United States
                            Member #136477
                            December 12, 2012
                            4102 Posts
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                            Posted: June 29, 2016, 2:15 pm - IP Logged

                            I looked on the Texas lottery website and it said the town it was purchased in. I wikipedia'd it, The town was named after a hot spring nearby that has since dried up. 

                            l am all for giving Brownie Points- but you not going to get any, at least not from me.My original statement stands."  Winner from a State bordering the Ocean." It's not that complicated earthling.

                            I didn't Ace kindergarten for nothing. 

                            People who say it cannot be done should not interrupt those who are doing it- George Bernard Shaw.