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$667 MILLION: Biggest Mega Millions jackpot ever

Oct 16, 2018, 12:58 pm

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Mega MillionsMega Millions: $667 MILLION: Biggest Mega Millions jackpot everRating:

By Todd Northrop

Mega Millions is making history tonight, with the biggest jackpot the multi-state lottery game has ever seen.

A rush of ticket sales for the colossal Mega Millions jackpot has prompted lottery officials to revise their estimate for the Tuesday night drawing to $667 million.  It is the 3rd-largest jackpot in US lottery history. (The updated top-25 list of annuity and cash values can be found below.)

The all-important lump-sum cash value is now estimated to be a staggering $380 million, the 6th-largest lottery jackpot cash value of all time, and the 2nd-largest for the Mega Millions game.

Tuesday's drawing will be the 23rd since Mega Millions had a winner. The current jackpot run-up started on July 27 as a $40 million grand prize.

The United States' other big multi-state lottery game, Powerball, has also been heating up in the past couple of weeks, giving lottery players a rare chance at playing for jackpot money worth greater than $1 billion.  With the latest Mega Millions increase, the combined value of the two multi-state lottery jackpots offered this week is currently $1.012 billion.

"It's always a thrill to have both jackpots rolling, but there's an extra spark now with Mega Millions reaching a new record," said Gordon Medenica, Mega Millions Lead Director and Maryland Lottery and Gaming Director. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing."

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 sluggish or 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 states have reported their data, which normally occurs within a few hours after the drawing.

According to the Texas Lottery, if nobody wins tonight's Mega Millions jackpot, the new jackpot for Friday will be a jaw-dropping $868 million — the 2nd-largest jackpot of all time.  The Maryland Lottery says the new cash value will be $495 million. A half-billion dollars in cash!

Tickets will remain on sale typically until 10:45 pm Eastern Time on Friday, although players should check with a lottery retailer in their state for the exact sales cutoff time. (Every state is different.)  Players are strongly advised not to wait until the last minute.

The odds of winning the jackpot are approximately 1 in 302 million. The odds of winning any of the Mega Millions prizes are 1 in 24.

Mega Millions tickets cost $2 each. For an extra $1 per ticket players can purchase the Megaplier option, which multiplies any non-jackpot won by up to 5 times, depending on the Megaplier number drawn that evening.

The only state that does not offer the Megaplier is California, because state law banning fixed lottery prize amounts is not compatible with the fixed nature of the Megaplier payouts.

Lottery players can see an after-tax analysis of the current Mega Millions jackpot by visiting USA Mega's Jackpot Analysis page.

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.

Top 25 United States lottery jackpots of all time

Tuesday's Mega Millions jackpot currently stands as the 3rd-largest lottery jackpot of all time in the United States.  That position may rise before the drawing, 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. Powerball: $758.7 million, Aug. 23, 2017 - Massachusetts
  3. Mega Millions: $667 million, Oct. 16, 2018 - Preliminary estimate, not won yet
  4. Mega Millions: $656 million, Mar. 30, 2012 - Illinois, Kansas, Maryland
  5. Mega Millions: $636 million, Dec. 17, 2013 - California, Georgia
  6. Powerball: $590.5 million, May 18, 2013 - Florida
  7. Powerball: $587.5 million, Nov. 28, 2012 - Arizona, Missouri
  8. Powerball: $564.1 million, Feb. 11, 2015 - North Carolina, Puerto Rico, Texas
  9. Powerball: $559.7 million, Jan. 6, 2018 - New Hampshire
  10. Mega Millions: $543 million, Jul. 24, 2018 - California
  11. Mega Millions: $536 million, Jul. 8, 2016 - Indiana
  12. Mega Millions: $533 million, Mar. 30, 2018 - New Jersey
  13. Powerball: $487 million, Jul. 30, 2016 - New Hampshire
  14. Powerball: $456.7 million, Mar. 17, 2018 - Pennsylvania
  15. Mega Millions: $451 million, Jan. 5, 2018 - Florida
  16. Powerball: $448.4 million, Aug. 7, 2013 - Minnesota, New Jersey (2)
  17. Powerball: $447.8 million, Jun. 10, 2017 - California
  18. Powerball: $435.3 million, Feb. 22, 2017 - Indiana
  19. Powerball: $429.6 million, May 7, 2016 - New Jersey
  20. Powerball: $425.3 million, Feb. 19, 2014 - California
  21. Powerball: $420.9 million, Nov. 26, 2016 - Tennessee
  22. Mega Millions: $414 million, Mar. 18, 2014 - Florida, Maryland
  23. Powerball: $399.4 million, Sep. 18, 2013 - South Carolina
  24. Mega Millions: $393 million, Aug. 11, 2017 - Illinois
  25. Mega Millions: $390 million, Mar. 6, 2007 - Georgia, New Jersey

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

  • Powerball: 15
  • Mega Millions: 10

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 6th-largest cash value in U.S. history.

  1. Powerball: $983.5 million cash, Jan. 13, 2016 ($1.5864 billion annuity) - California, Florida, Tennessee
  2. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  3. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  4. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  5. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  6. Mega Millions: $380 million cash, Oct. 16, 2018 ($667 million annuity) - Preliminary estimate, not won yet
  7. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  8. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  9. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  10. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  11. Powerball: $336.8 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  12. Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
  13. Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
  14. Powerball: $284 million cash, May 7, 2016 ($429.6 million annuity) - New Jersey
  15. Mega Millions: $281.9 million cash, Jan. 5, 2018 ($451 million annuity) - Florida
  16. Powerball: $279.1 million cash, Jun. 10, 2017 ($447.8 million annuity) - California
  17. Powerball: $273.9 million cash, Mar. 17, 2018 ($456.7 million annuity) - Pennsylvania
  18. Powerball: $263.5 million cash, Feb. 22, 2017 ($435.3 million annuity) - Indiana
  19. Powerball: $258.2 million cash, Aug. 7, 2013 ($448.4 million annuity) - Minnesota, New Jersey (2)
  20. Powerball: $254.7 million cash, Nov. 26, 2016 ($420.9 million annuity) - Tennessee
  21. Mega Millions: $246.5 million cash, Aug. 11, 2017 ($393 million annuity) - Illinois
  22. Mega Millions: $240 million cash, Jan. 4, 2011 ($380 million annuity) - Idaho, Washington
  23. Mega Millions: $233.1 million cash, Mar. 6, 2007 ($390 million annuity) - Georgia, New Jersey
  24. Mega Millions: $230.9 million cash, Mar. 18, 2014 ($414 million annuity) - Florida, Maryland
  25. Powerball: $227.8 million cash, Feb. 19, 2014 ($425.3 million annuity) - California

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

  • Powerball: 14
  • Mega Millions: 11

Lottery Post Staff

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90 comments. Last comment 2 years ago by LottoLucy.
Page 1 of 7
Avatar

Zimbabwe
Member #21
December 7, 2001
4530 Posts
Offline

Almost playable.

.

    Avatar

    United States
    Member #164719
    March 12, 2015
    1300 Posts
    Offline

    And if it rolls, it goes up to $868 Mil on Friday, tho I expect lotto fever will bump that amount up to $900+ mil or even reach a Billion. 

      Todd's avatar - Cylon 200.jpg
      50
      Chief Bottle Washer
      New Jersey
      United States
      Member #1
      May 31, 2000
      25840 Posts
      Offline

      And if it rolls, it goes up to $868 Mil on Friday, tho I expect lotto fever will bump that amount up to $900+ mil or even reach a Billion. 

      Indeed! The article also gives you the next cash value if it rolls tonight.

       

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

       

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

        Avatar

        United States
        Member #164719
        March 12, 2015
        1300 Posts
        Offline

        Indeed! The article also gives you the next cash value if it rolls tonight.

        Oh, I love those cash values!  LOL

          music*'s avatar - DiscoBallGlowing
          USN United States Navy
          Fresno, California
          United States
          Member #157851
          August 2, 2014
          3959 Posts
          Offline

          Take the Annuity and receive $6,324,763.00 after all taxes are paid by April 17, 2019. 

           I could survive on $6.3 million for the first year.

           The total amount after 30 years = $441,000,000.00  That is if taxes remain the same. 

           After I win tonight I will consult with professionals and get their opinions and sage advice.

           It is good seeing new records being made.

           "We are all in this together!" 

            Avatar
            Chasing $ Millions.
            White Shores- California
            United States
            Member #136473
            December 12, 2012
            6312 Posts
            Offline

            Almost playable.

            Almost? Right, OK, whatever you say JL.

             * Voice of Reason *   

             

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

              CDanaT's avatar - Nolz june15.jpg
              Central TN
              United States
              Member #121189
              January 4, 2012
              4746 Posts
              Offline

              I do enjoy and miss the Texas lottery.

              https://www.txlottery.org/export/sites/lottery/Games/Mega_Millions/Estimated_Jackpot.html

              Integrity: There is just no substitute.

                music*'s avatar - DiscoBallGlowing
                USN United States Navy
                Fresno, California
                United States
                Member #157851
                August 2, 2014
                3959 Posts
                Offline

                noise-gate, Will you invite all of us here on LP to go with you and your lovely wife to Seychelles?

                 Those pictures are so tempting. Don't get too sunburnt. Enjoy your vacation! 

                 "We are all in this together!" 

                  Avatar
                  Florida
                  United States
                  Member #186825
                  January 2, 2018
                  292 Posts
                  Offline

                  Thanks for the update. I am on my way out to buy the winning ticketDance

                   

                  This not really the biggest jackpot ever because the annuity jackpots are inflated by interest rates. I go by the present cash amount. $471 million cash, Mar. 30, 2012 ($656 million annuity) is still the highest. In other words "take home" is what matters. 

                    Avatar
                    Chasing $ Millions.
                    White Shores- California
                    United States
                    Member #136473
                    December 12, 2012
                    6312 Posts
                    Offline

                    noise-gate, Will you invite all of us here on LP to go with you and your lovely wife to Seychelles?

                     Those pictures are so tempting. Don't get too sunburnt. Enjoy your vacation! 

                    Absolutely not music, that's like inviting friends out with you on your honeymoon.We all have to find our own thrill, the Seychelles is mine.l have visited several parts of Africa, namely Botswana, South Africa, Kenya, but just missed hopping a plane to the Seychelles, so it it a dream that's been unfulfilled..thus far.

                     * Voice of Reason *   

                     

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

                      Avatar
                      DMV
                      United States
                      Member #183847
                      August 18, 2017
                      284 Posts
                      Offline

                      noise-gate, Will you invite all of us here on LP to go with you and your lovely wife to Seychelles?

                       Those pictures are so tempting. Don't get too sunburnt. Enjoy your vacation! 

                      Not noise-gate but I'll see what I can do once I claim it. But in all seriousness even if one of us won and was able to do this think about how fun it would be trying to guess which one of us was the lucky SOB!!  Wink

                        Avatar
                        DMV
                        United States
                        Member #183847
                        August 18, 2017
                        284 Posts
                        Offline

                        Absolutely not music, that's like inviting friends out with you on your honeymoon.We all have to find our own thrill, the Seychelles is mine.l have visited several parts of Africa, namely Botswana, South Africa, Kenya, but just missed hopping a plane to the Seychelles, so it it a dream that's been unfulfilled..thus far.

                        MadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMadMad

                          KY Floyd's avatar - lysol avatar.jpg
                          NY
                          United States
                          Member #23834
                          October 16, 2005
                          4262 Posts
                          Offline

                          "Almost?"

                          It's a big jackpot, but it's still not a good bet for players. Depending on state taxes let's figure the after tax net is an even $240 million. At odds of 1 in 302 million it will cost players $604 million to collect it. That's an average return of just under 40 cents for every dollar you bet, making the risk to reward ratio a loser. And probability says that the states will collect another $180 million and pocket half without paying out the jackpot.

                          Of course the $2 cost of a ticket is a very low risk, so you can affords to lose.

                            hearsetrax's avatar - alien on_computer.jpg

                            United States
                            Member #52343
                            May 21, 2007
                            3286 Posts
                            Offline

                            Almost playable.

                            good luck 2 those playing this evening Lep