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Lotteries offer $1B in jackpots as Mega Millions nears record

Oct 15, 2018, 5:48 pm

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Mega Millions / PowerballMega Millions / Powerball: Lotteries offer $1B in jackpots as Mega Millions nears recordRating:

A record-smashing Mega Millions prize could be awaiting a lucky winner when the multi-state lottery and Powerball kick off a two-day, $1 billion jackpot grab Tuesday night.

The Mega Millions jackpot is currently $654 million, just $2 million short of the multi-state lottery game's record. Powerball's jackpot also represents: There is a top prize of at least $345 million on Wednesday. Both totals are expected to rise.

The bloated payouts are a function of a jackpot drought. Mega Millions last saw a jackpot winner on July 24 when 11 California co-workers shared a cool $543 million — the largest prize ever won on a single Mega Millions ticket.

More than two months ago Powerball hit for the last time when New Yorker Nandlall Mangal was the sole winner of $245.6 million, lottery officials said.

"It's so exciting for our players, and all of us, to see the Mega Millions jackpot getting so close to an all-time record level," said Gordon Medenica, Lead Director of the Mega Millions Consortium and Director of Maryland Lottery and Gaming. "With a little luck, we may still break that record."

If you want all the Mega Millions money up front, the payout on $654 million is a lower but still-impressive $372 million. You can cash out Powerball's $345 million jackpot for $199 million.

You can see the after-tax annuity and cash value amounts on USA Mega's Mega Millions Jackpot Analysis and Powerball Jackpot Analysis. USA Mega (www.usamega.com) is a popular website devoted to the United States' two biggest multi-state games, Powerball and Mega Millions.

And if you prefer math to luck, here is an eye-opening disclaimer: The odds of winning the Mega Millions jackpot are 302,575,350 to 1. The odds of hitting the Powerball jackpot are 292,201,388 to 1. So don't quit your day job just yet.

The Mega Millions record prize of $656 million goes back to March 30, 2012, when winners from Illinois, Kansas, and Maryland split the cash three ways.

And Friday's Mega Millions wasn't a complete bust. There were 2,651,183 "winning" tickets at all prize levels in the Oct. 12 drawing. One ticket, sold in Arkansas, matched the five white balls Friday night to win the game's second prize that, because of a multiplier, cashed in for $3 million.

Fifty-five tickets matched four white balls plus the Mega Ball for the $10,000 third prize; seven of those are actually worth $30,000 each because they included the multiplier. 

Three other Mega Millions jackpots have been won this year: $451 million on Jan. 5 (Florida), $533 million on March 30 (New Jersey) and $142 million on May 4 (Ohio). 

Last week, Powerball suffered a minor setback when the drawing was moved from Tallahassee, Florida, to Urbandale, Iowa, because of evacuations from Hurricane Michael.

Mega Millions is played in 44 states, Washington D.C. and the U.S. Virgin Islands. Powerball reaches all those areas plus Puerto Rico. The big jackpots could mean lines at some ticket locations as the drawings near.

Lottery Post Staff

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60 comments. Last comment 2 years ago by Petrust99.
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CDanaT's avatar - Nolz june15.jpg
Central TN
United States
Member #121189
January 4, 2012
4588 Posts
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Posted: October 15, 2018, 6:08 pm - IP Logged

Sorta brings a tear to your eye with a combo of almost a Billion dollars ??..."Sorta" being the key word here..  My proposal is to generously offer my services to solely win the PB on Wednesday and help relieve the stress of this conglomeration, thus giving temporary relief of undo pressures caused by excessive concentration on both jackpots. Have no worries fellow posters, I will remain quiet, make certain that I follow all of your advice with lawyers, accountants, investment team, cash option claim, etc etc. Then have legal counsel come forward on my trusts behalf in about 9-12 weeks when 1 or both lottery jackpots are on their massive climb again...... Respectfully yours, CD

Integrity: There is just no substitute.

    Avatar
    DMV
    United States
    Member #183847
    August 18, 2017
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    Posted: October 15, 2018, 6:13 pm - IP Logged

    I really wish this could have been posted when the numbers actually added up to 1 billion. I know i know just 1 million off but still. Disapprove

      music*'s avatar - DiscoBallGlowing
      Fresno, California
      United States
      Member #157851
      August 2, 2014
      3849 Posts
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      Posted: October 15, 2018, 6:44 pm - IP Logged

      Party Celebration time! 

       The odds of winning either game are incredible.  I am hoping for a Lottery Post member win.

      When will COVID-19 be finished?  A vaccine may protect all of us.

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        Simpsonville
        United States
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        January 22, 2015
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        Posted: October 15, 2018, 6:56 pm - IP Logged

        When will Puerto Rico offer Mega Millions? 

          music*'s avatar - DiscoBallGlowing
          Fresno, California
          United States
          Member #157851
          August 2, 2014
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          Posted: October 15, 2018, 7:05 pm - IP Logged

          When will Puerto Rico offer Mega Millions? 

          The IsLand has to recover from a direct hit by a Hurricane. God Bless them!

          When will COVID-19 be finished?  A vaccine may protect all of us.

            Todd's avatar - Cylon 2.gif
            50
            Chief Bottle Washer
            New Jersey
            United States
            Member #1
            May 31, 2000
            25718 Posts
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            Posted: October 15, 2018, 7:23 pm - IP Logged

            They haven't even been able to get their website back up & running after the hurricane more than a year ago; I imagine getting Mega Millions will take a long time.

             

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

             

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

              music*'s avatar - DiscoBallGlowing
              Fresno, California
              United States
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              August 2, 2014
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              Posted: October 15, 2018, 7:33 pm - IP Logged

              They haven't even been able to get their website back up & running after the hurricane more than a year ago; I imagine getting Mega Millions will take a long time.

              Puerto Ricans are U.S. Citizens. Some have fled their home and are now here in the Mainland. Playing both games. MM & PB.

              When will COVID-19 be finished?  A vaccine may protect all of us.

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                Simpsonville
                United States
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                January 22, 2015
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                Posted: October 15, 2018, 7:39 pm - IP Logged

                They haven't even been able to get their website back up & running after the hurricane more than a year ago; I imagine getting Mega Millions will take a long time.

                Todd,

                 

                Can't archive when will Mississippi get their lottery OR should I say is it up to the voters there?

                 

                Thanks.

                  Todd's avatar - Cylon 2.gif
                  50
                  Chief Bottle Washer
                  New Jersey
                  United States
                  Member #1
                  May 31, 2000
                  25718 Posts
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                  Posted: October 15, 2018, 8:01 pm - IP Logged

                  Todd,

                   

                  Can't archive when will Mississippi get their lottery OR should I say is it up to the voters there?

                   

                  Thanks.

                  A little off-topic for this thread, but the voters have already spoken, and the lottery has been approved and signed by the governor.  They will go through months of setting up their new lottery, and the lottery will start some time in 2019.  https://www.lotterypost.com/news/322316

                   

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

                   

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

                    music*'s avatar - DiscoBallGlowing
                    Fresno, California
                    United States
                    Member #157851
                    August 2, 2014
                    3849 Posts
                    Offline
                    Posted: October 15, 2018, 8:01 pm - IP Logged

                    Bleudog101, Which State or States will win MegaMillions?

                    When will COVID-19 be finished?  A vaccine may protect all of us.

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                      Simpsonville
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                      January 22, 2015
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                      Posted: October 15, 2018, 8:03 pm - IP Logged

                      I think the big one won't get won, but think there'll be about fifteen secondary prizes including two in your state.

                      Funny you ask that, when I called the lottery # early Sat a.m. said to myself somebody won, #'s sounded good.  Was I ever wrong!

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                        Simpsonville
                        United States
                        Member #163184
                        January 22, 2015
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                        Posted: October 15, 2018, 8:06 pm - IP Logged

                        A little off-topic for this thread, but the voters have already spoken, and the lottery has been approved and signed by the governor.  They will go through months of setting up their new lottery, and the lottery will start some time in 2019.  https://www.lotterypost.com/news/322316

                        Thank you Todd even though this was way off subject.

                        I re-read your article that was unable to archive.

                          music*'s avatar - DiscoBallGlowing
                          Fresno, California
                          United States
                          Member #157851
                          August 2, 2014
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                          Posted: October 15, 2018, 8:08 pm - IP Logged

                          I think the big one won't get won, but think there'll be about fifteen secondary prizes including two in your state.

                          Funny you ask that, when I called the lottery # early Sat a.m. said to myself somebody won, #'s sounded good.  Was I ever wrong!

                          So, you may be wrong and MM gets won. Nobody knows. Although some look at the odds and the number of tickets purchased. 

                           It all depends on how the balls in MM get dropped. 

                          When will COVID-19 be finished?  A vaccine may protect all of us.

                            Avatar
                            DMV
                            United States
                            Member #183847
                            August 18, 2017
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                            Posted: October 15, 2018, 8:10 pm - IP Logged

                            I wouldn't be surprised to see PB get won first.