$630 MILLION: Mega Millions jackpot soars after no winner Tuesday

Jul 20, 2022, 8:14 am (79 comments)

Mega Millions

12th-largest US lottery jackpot in history; 15th-largest cash value

By Todd Northrop

There are going to be a lot of lottery tickets sold this week.

For only the 12th time in the history of United States lotteries, a lottery jackpot has exceeded $600 million.

The new high-water mark of $630 million for the current Mega Millions jackpot was achieved after no winning tickets were sold for Tuesday night's $555 million grand prize.

The lump-sum cash payout value of Friday's Mega Millions jackpot is a staggering $359.7 million.  After-tax cash and annuity prize amounts are reported state-by-state on the Jackpot Analysis page at USA Mega, a web site devoted to the Mega Millions and Powerball multi-state lottery games.

Friday's mammoth jackpot is the result of 27 consecutive draws without a winner.  The run-up started as a $20 million prize on April 19.

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

The winning numbers for Tuesday, July 19, 2022 were 2, 31, 32, 37, and 70, with Mega Ball number 25.  The Megaplier number was 3.

Even though nobody won the jackpot Tuesday, 4 lucky players matched the first 5 numbers for a $1,000,000 prize: 1 from Arizona, 1 from California, 1 from North Carolina, and 1 from New Hampshire. None of the second prize winners purchased the Megaplier for an additional $1. If they had, their prize would have been multiplied to $3 million.

The California second-prize winner will take home a $629,182 prize, because California does not pay out fixed prizes like all the other states. By law, California awards all lottery prizes on a pari-mutuel basis, meaning the prizes will change each drawing based on the number of tickets sold within California and the number of tickets that won at each prize level in the state.

All Mega Millions jurisdictions except California offer the Megaplier option, which for an extra $1 per play multiplies any non-jackpot prizes the player wins by the Megaplier number drawn.  The Megaplier 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.

Also, a total of 52 tickets matched four of the first five numbers plus the Mega Ball to win a $10,000 prize. Of those tickets, 11 were purchased with the Megaplier option, increasing the prize to $30,000, and 8 were sold in California, where the prize awarded this drawing is $10,896.

The complete payout information and official drawing video for Tuesday's drawing can be found at USA Mega's Mega Millions Drawing Information page.

Following the Tuesday drawing, the Mega Millions annuity jackpot estimate was raised $75 million from its previous amount of $555 million. The cash value was raised by $42.8 million from its previous amount of $316.9 million.

The next Mega Millions drawing will take place Friday night at 11:00 pm Eastern Time (8:00 pm Pacific).

To find the nearest lottery retailer to buy your tickets, head over to the Lottery Places website to download the free app on your iOS or Android phone or Windows computer. Lottery Places is the only app on the market that will locate lottery retailers in every state and jurisdiction throughout the United States.

Some state lotteries offer online ticket purchases, allowing players to bypass the store completely. Such is the case with Michigan and Virginia. Other states such as MinnesotaOrgeon, and Texas use a state-licensed courier service to enable online purchases. Players outside the USA can play online through a reputable butler service that delivers scanned images of the lottery tickets to verify the ticket purchase and ownership.

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.

Mega Millions is currently offered for sale in 45 states, plus Washington, D.C. and the U.S. Virgin Islands. Drawings are Tuesdays and Fridays at 11:00 pm Eastern Time. Tickets cost $2 each.

Mega Millions lottery results are published within minutes of the drawing at USA Mega (www.usamega.com).  The USA Mega Web site provides lottery players in-depth information about the United States's two biggest multi-state lottery games, Mega Millions and Mega Millions.

Top 25 United States lottery jackpots of all time

Friday's Mega Millions jackpot currently stands as the 12th-largest lottery jackpot of all time in the United States, and the 5th-largest Mega Millions jackpot ever.  Brisk sales will likely push the jackpot estimate higher by draw time.

If nobody wins Friday, it's anyone's guess how high it will go.

  1. Powerball: $1.5864 billion, Jan. 13, 2016 (19 rollovers, starting at $40 million) - California, Florida, Tennessee
  2. Mega Millions: $1.537 billion, Oct. 23, 2018 (25 rollovers, starting at $40 million) - South Carolina
  3. Mega Millions: $1.05 billion, Jan. 22, 2021 (36 rollovers, starting at $20 million) - Michigan
  4. Powerball: $768.4 million, Mar. 27, 2019 (25 rollovers, starting at $40 million) - Wisconsin
  5. Powerball: $758.7 million, Aug. 23, 2017 (20 rollovers, starting at $40 million) - Massachusetts
  6. Powerball: $731.1 million, Jan. 20, 2021 (35 rollovers, starting at $20 million) - Maryland
  7. Powerball: $699.8 million, Oct. 4, 2021 (40 rollovers, starting at $20 million) - California
  8. Powerball: $687.8 million, Oct. 27, 2018 (21 rollovers, starting at $40 million) - Iowa, New York
  9. Mega Millions: $656 million, Mar. 30, 2012 (18 rollovers, starting at $12 million) - Illinois, Kansas, Maryland
  10. Mega Millions: $636 million, Dec. 17, 2013 (21 rollovers, starting at $12 million) - California, Georgia
  11. Powerball: $632.6 million, Jan 5, 2022 (39 rollovers, starting at $20 million) - California, Wisconsin
  12. Mega Millions: $630 million, Jul. 22, 2022 (27 rollovers, starting at $20 million) - Preliminary estimate, not won yet
  13. Powerball: $590.5 million, May 18, 2013 (13 rollovers, starting at $40 million) - Florida
  14. Powerball: $587.5 million, Nov. 28, 2012 (15 rollovers, starting at $40 million) - Arizona, Missouri
  15. Powerball: $564.1 million, Feb. 11, 2015 (20 rollovers, starting at $40 million) - North Carolina, Puerto Rico, Texas
  16. Powerball: $559.7 million, Jan. 6, 2018 (20 rollovers, starting at $40 million) - New Hampshire
  17. Mega Millions: $543 million, Jul. 24, 2018 (22 rollovers, starting at $40 million) - California
  18. Mega Millions: $536 million, Jul. 8, 2016 (34 rollovers, starting at $15 million) - Indiana
  19. Mega Millions: $533 million, Mar. 30, 2018 (23 rollovers, starting at $40 million) - New Jersey
  20. Mega Millions: $522 million, Jun. 7, 2019 (24 rollovers, starting at $40 million) - California
  21. Mega Millions: $516 million, May 21, 2021 (26 rollovers, starting at $20 million) - Pennsylvania
  22. Powerball: $487 million, Jul. 30, 2016 (23 rollovers, starting at $40 million) - New Hampshire
  23. Powerball: $473.1 million, Apr. 27, 2022 (30 rollovers, starting at $20 million) - Arizona
  24. Powerball: $456.7 million, Mar. 17, 2018 (19 rollovers, starting at $15 million) - Pennsylvania
  25. Mega Millions: $451 million, Jan. 5, 2018 (23 rollovers, starting at $15 million) - Florida

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

  • Powerball: 14
  • Mega Millions: 11

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 15th-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: $877.8 million cash, Oct. 23, 2018 ($1.537 billion annuity) - South Carolina
  3. Mega Millions: $776.6 million cash, Jan. 22, 2021 ($1.05 billion annuity) - Michigan
  4. Powerball: $546.8 million cash, Jan. 20, 2021 ($731.1 million annuity) - Maryland
  5. Powerball: $496 million cash, Oct. 4, 2021 ($699.8 million annuity) - California
  6. Powerball: $480.5 million cash, Aug. 23, 2017 ($758.7 million annuity) - Massachusetts
  7. Powerball: $477 million cash, Mar. 27, 2019 ($768.4 million annuity) - Wisconsin
  8. Mega Millions: $471 million cash, Mar. 30, 2012 ($656 million annuity) - Illinois, Kansas, Maryland
  9. Powerball: $450.2 million cash, Jan. 5, 2022 ($632.6 million annuity) - California, Wisconsin
  10. Powerball: $396.2 million cash, Oct. 27, 2018 ($687.8 million annuity) - Iowa, New York
  11. Powerball: $384.7 million cash, Nov. 28, 2012 ($587.5 million annuity) - Arizona, Missouri
  12. Powerball: $381.1 million cash, Feb. 11, 2015 ($564.1 million annuity) - North Carolina, Puerto Rico, Texas
  13. Mega Millions: $378 million cash, Jul. 8, 2016 ($536 million annuity) - Indiana
  14. Powerball: $370.9 million cash, May 18, 2013 ($590.5 million annuity) - Florida
  15. Mega Millions: $359.7 million cash, Jul. 22, 2022 ($630 million annuity) - Preliminary estimate, not won yet
  16. Powerball: $352 million cash, Jan. 6, 2018 ($559.7 million annuity) - New Hampshire
  17. Mega Millions: $349.3 million cash, May 21, 2021 ($516 million annuity) - Pennsylvania
  18. Mega Millions: $347.6 million cash, Dec. 17, 2013 ($636 million annuity) - California, Georgia
  19. Powerball: $341.7 million cash, Jul. 30, 2016 ($487 million annuity) - New Hampshire
  20. Mega Millions: $340 million cash, Jun. 7, 2019 ($522 million annuity) - California
  21. Mega Millions: $324 million cash, Mar. 30, 2018 ($533 million annuity) - New Jersey
  22. Mega Millions: $320.5 million cash, Jul. 24, 2018 ($543 million annuity) - California
  23. Mega Millions: $319.9 million cash, Jun. 9, 2020 ($414 million annuity) - Arizona
  24. Mega Millions: $314.4 million cash, Sep. 21, 2021 ($431 million annuity) - New York
  25. Mega Millions: $292.9 million cash, Jan. 28, 2022 ($426 million annuity) - California

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

  • Powerball: 12
  • Mega Millions: 13

Lottery Post Staff

Comments

Raven62's avatarRaven62

Good Luck Friday MM Players: Maybe this is the One! Thumbs Up

Bleudog101

Thanks Todd & Kate for this story!

 

So what will it end up being, $650 million???

 

If Powerball is won tonight, it seems when the other lottery IS up there like MM is, then it really takes off!

wander73's avatarwander73

Told ya all.   It will happen next week.  We will see what happens Fri.  next tues will be a winner.

djzhoky

Well i not the winner but i dont understand i 6 numbers but they dont give me anything ... well in goin try again on friday lets see is i win.. thank you guy GOD BLESS US . good luck everyone..

paymentplan-man

Quote: Originally posted by djzhoky on Jul 20, 2022

Well i not the winner but i dont understand i 6 numbers but they dont give me anything ... well in goin try again on friday lets see is i win.. thank you guy GOD BLESS US . good luck everyone..

You've got this. We all believe in you champ!

THRIFTY's avatarTHRIFTY

Turning A $2 Investment Into $630 Million. Good Luck Everybody.

CDanaT's avatarCDanaT

$359,700,000.00  CASH     I mean   $226,611,000.00        Sorta has a nice comforting ring to it  White Bounce

picktowin's avatarpicktowin

What a joke !!

You know whose making money on that .

Lottery 

Then only 1 or maybe haha a couple people win.

Wouldn't waste a dime on it 

Rip off

haymaker's avatarhaymaker

I was just reviewing the how to play on the MM

the "Just the Jackpot" option must be one of the worst options ever offered a player.

I mean they offer you 1 free ticket and you loose the right to all other prizes

even the $2 return which is  a 37 to 1 shot.

 

I know many folks play hoping for the 2nd prize, who would pass that up for $3 saving ?

wander73's avatarwander73

Quote: Originally posted by picktowin on Jul 20, 2022

What a joke !!

You know whose making money on that .

Lottery 

Then only 1 or maybe haha a couple people win.

Wouldn't waste a dime on it 

Rip off

if I were to hit that,  I would have done a stock of netflix.  That looks good.   There are others out there.

noise-gate

* Here's to hoping a lottery forum player bags it! 

Party

sully16's avatarsully16

Quote: Originally posted by CDanaT on Jul 20, 2022

$359,700,000.00  CASH     I mean   $226,611,000.00        Sorta has a nice comforting ring to it  White Bounce

Remember Housekeeper, wink wink. Wink

Good luck everybody.

hearsetrax's avatarhearsetrax

s to the numerous opportunities for one or possibly smallish group will soon be afforded 

hope it hits in an anonymous state 

cottoneyedjoe's avatarcottoneyedjoe

Quote: Originally posted by picktowin on Jul 20, 2022

What a joke !!

You know whose making money on that .

Lottery 

Then only 1 or maybe haha a couple people win.

Wouldn't waste a dime on it 

Rip off

LOL, you're on a lottery site. We're all aware the lottery makes money from it and that the odds are crap. Congrats on your saved dimes. Thumbs Up

hsg2000

Can anyone tell how much money was collected by MM Agents when the MM Lottery went on sale from 7/15 thru 7/1922 when it was closed for the draw?

It is interesting to know how much money was spent by us- the crowd to win this Jackpot

andl's avatarandl

I want to see 1 billion by next Friday.

EnReval

I had the 2 and 25 from a set of quick pick numbers been playing since the Big Game in 1998-- wanna win b4 am 70 geesh

wander73's avatarwander73

Quote: Originally posted by andl on Jul 20, 2022

I want to see 1 billion by next Friday.

won't happen.   a ticket will be sold next week.

wander73's avatarwander73

Quote: Originally posted by cottoneyedjoe on Jul 20, 2022

LOL, you're on a lottery site. We're all aware the lottery makes money from it and that the odds are crap. Congrats on your saved dimes. Thumbs Up

I understand what he is saying, though.

ekem6078's avatarekem6078

Check out how many of these big wins, have came from California. 

Whoever wins it, I got 20.00 it'll be someone from California 😆😆

KY Floyd's avatarKY Floyd

About $185 million, or 92.5 million tickets.

quicksloth35

Quote: Originally posted by ekem6078 on Jul 21, 2022

Check out how many of these big wins, have came from California. 

Whoever wins it, I got 20.00 it'll be someone from California 😆😆

Nah. Some podunk state like Mississippi.

Bleudog101

Quote: Originally posted by hsg2000 on Jul 20, 2022

Can anyone tell how much money was collected by MM Agents when the MM Lottery went on sale from 7/15 thru 7/1922 when it was closed for the draw?

It is interesting to know how much money was spent by us- the crowd to win this Jackpot

Doubt anyone keeps such records.  Sometimes the big media reports on how many tickets were purchased for said drawing.  Especially when there were billion + drawings they would say an astronomical amount of tickets purchased per minute.

Bleudog101

Quote: Originally posted by KY Floyd on Jul 21, 2022

About $185 million, or 92.5 million tickets.

So nice to sit back and just purchased the winning MM ticket now.

 

Also having KLC send me $100 of my Saturday winnings.  They used to do it electronically, now have to wait on the check.

wallpaper's avatarwallpaper

Quote: Originally posted by ekem6078 on Jul 21, 2022

Check out how many of these big wins, have came from California. 

Whoever wins it, I got 20.00 it'll be someone from California 😆😆

Cali or Florida , my best bets... 1.5 billions is what its going to reach, just guessing

Bleudog101

Jumped up to $660 million and it's only Thursday!

Todd's avatarTodd

Jackpot updated to $660 million, with a cash option of $376.9 million.

This puts the jackpot at 9th in US history, and the cash value at 14th in US history.

Bleudog101

Quote: Originally posted by Todd on Jul 21, 2022

Jackpot updated to $660 million, with a cash option of $376.9 million.

This puts the jackpot at 9th in US history, and the cash value at 14th in US history.

Todd, would ask you to update my favorite Top 25 lottery list even though you stated it above...but I get it...she'll climb again before the drawing so that would be double work for you and Kate.   Thanks again for keeping us informed!

Droptop209's avatarDroptop209

Lotto fever

wander73's avatarwander73

It will go to $810 by Tuesday.   If I am correct,  everyone can thank me.  Something about the numbers.   We shall see and good luck.

billybucks

Quote: Originally posted by EnReval on Jul 20, 2022

I had the 2 and 25 from a set of quick pick numbers been playing since the Big Game in 1998-- wanna win b4 am 70 geesh

Hopefully you play every drawing no matter how much the jackpot is. This obsession with only playing it when it is over 400m is ludicrous. How many times does that happen. Once or twice a year. How many years do you have left. If you are a lottery player not that many. Play every drawing and every one of your state lotteries also. Don't go crazy but cover them.

Bilionario's avatarBilionario

Quote: Originally posted by wander73 on Jul 21, 2022

It will go to $810 by Tuesday.   If I am correct,  everyone can thank me.  Something about the numbers.   We shall see and good luck.

Interesting gematria comments/predictions.

TheMeatman2005's avatarTheMeatman2005

I've got my ticket...or two or three.

All with the Megaplier too!

💲💲  💲  💲 

BBLL's avatarBBLL

$660 HyperParty

EnReval

I do and same number for PB and LottoTX

rcbbuckeye's avatarrcbbuckeye

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

EnReval

Hey, u never know how much people spend--

my average is $20 per draw including 3 main sets

hearsetrax's avatarhearsetrax

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

LOL just the other idiot spending his part of his rent/mortgage/suv payment

MsBee18

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

Out of that set of 50 MM tickets, he's looking at two to three lines as winners for as small as $2 each. Hey maybe $100 isn't much to him.

cottoneyedjoe's avatarcottoneyedjoe

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

Could be buying for his lotto pool. Quick picks?

Todd's avatarTodd

Quote: Originally posted by TheMeatman2005 on Jul 21, 2022

I've got my ticket...or two or three.

All with the Megaplier too!

💲💲  💲  💲 

Yeah, I went with the Megaplier this time too. 👍

wander73's avatarwander73

Quote: Originally posted by Bilionario on Jul 21, 2022

Interesting gematria comments/predictions.

Here is the reason why it could go to $810 million,  president is in the news,  the health scare,  couple other things.  supposedly there were eighty one million votes which the number is misleading OK and right now it's at six her closest six sixty million dollars the eighty one has something to do if Biden were to last till the end of the term that would be his age.  8/10 is coming up

wander73's avatarwander73

He dropped $100 ,that's crazy and that's lousy. 

I wish I had $100 I wanna play I will put 100 on Netflix which is actually $218 per share

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by cottoneyedjoe on Jul 21, 2022

Could be buying for his lotto pool. Quick picks?

I asked him if he was buying for a pool. He said no, just for himself.

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by EnReval on Jul 21, 2022

Hey, u never know how much people spend--

my average is $20 per draw including 3 main sets

LOL. That's about what I spend for MM, PB, Lotto, and 2 Step. And I usually try to keep it at around $15 a week.

A good test to see just what we're up against these jackpot games is go to the Quick Picks link and just run off 50 or 100 sets of numbers on your favorite game. Then check how they did after the draw. It's an eye opener.

Stack47

Might need more than the 58 million tickets that were sold for the last drawing to get a jackpot winner.

How about drawing some birthday and anniversary numbers and get multiple jackpot winners.

wander73's avatarwander73

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

Is this a store you own?   Agreed he don't know the odds.  Very weird for people to just drop money in this economy.  scary times too.  But hey people will do what they want.

db101's avatardb101

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

He knows and he dont care. If there's no winner on Friday he'll come back and spend $200.

TheMeatman2005's avatarTheMeatman2005

Quote: Originally posted by Todd on Jul 21, 2022

Yeah, I went with the Megaplier this time too. 👍

On April 19 and June 10, I had 3/5 numbers for $10. But since I had the Megaplier, I got paid $30 and $50 respectively.

I wouldn't mind 5/5 for $1 mil times 5 for $5 mil

rcbbuckeye's avatarrcbbuckeye

LOLOL. Uhhhh, no.

I only work there. Teeny c-store/fuel station that's part of a grocery store.

winoneday

Quote: Originally posted by rcbbuckeye on Jul 21, 2022

A guy came into my store today and dropped $100 on MM for tomorrow.

Whew. He clearly has no idea the odds he's up against.

He may be the smartest guy out there and knows exactly what the odds are.

Picture this. He has a group of 50 people only spending $2 each. The odds of the group winning the jackpot is around 1 in 6 million. Their cash share of the jackpot can be as much as $7.6 million each.

Looks like a smart move to me.

wander73's avatarwander73

Quote: Originally posted by rcbbuckeye on Jul 22, 2022

LOLOL. Uhhhh, no.

I only work there. Teeny c-store/fuel station that's part of a grocery store.

I think a winning ticket next week.   I don't see anyone hitting tonight.

Todd's avatarTodd

Jack Whittaker won his then-record Powerball jackpot by buying a $2 hot dog with a $100 bill, and using the change to buy $98 worth of Powerball tickets.  Just sayin'.

TheMeatman2005's avatarTheMeatman2005

Quote: Originally posted by Todd on Jul 22, 2022

Jack Whittaker won his then-record Powerball jackpot by buying a $2 hot dog with a $100 bill, and using the change to buy $98 worth of Powerball tickets.  Just sayin'.

I'll take one with mustard and sour kraut, and a side order of $660 mil please!

Todd's avatarTodd

Weirdly, the cash value was just upped to $388 million  (11th-largest US cash value in history), but the annuity did not change ($660 million).

So, more ticket sales are happening than expected, but I suppose interest rates (used to calculate the annuity) went down a bit.

For more information about how jackpots are calculated, see this video: https://www.lotterypost.com/news/340649

wander73's avatarwander73

Quote: Originally posted by Todd on Jul 22, 2022

Weirdly, the cash value was just upped to $388 million  (11th-largest US cash value in history), but the annuity did not change ($660 million).

So, more ticket sales are happening than expected, but I suppose interest rates (used to calculate the annuity) went down a bit.

For more information about how jackpots are calculated, see this video: https://www.lotterypost.com/news/340649

lol,  I know what that really means with the numbers.

KY Floyd's avatarKY Floyd

If it rolls it starts at 790, or 464.4 cash if the ratio stays the same. That would be the 4th largest annuity, with about zero chance of moving up to #3 $1.05 billion) without a roll.

It would start as the #9 cash value, with a  pretty good chance of moving up. The same 30 million bump we got for this one would push it to 481.8, barely passing the current #6.

quicksloth35

I dunno if anybody has seen this, but I check it to see what the JP will roll to.

 

https://www.texaslottery.com/export/sites/lottery/Games/Mega_Millions/Estimated_Jackpot.html

 

Has been pretty spot on in my experience.

Todd's avatarTodd

Quote: Originally posted by quicksloth35 on Jul 22, 2022

I dunno if anybody has seen this, but I check it to see what the JP will roll to.

 

https://www.texaslottery.com/export/sites/lottery/Games/Mega_Millions/Estimated_Jackpot.html

 

Has been pretty spot on in my experience.

That page is probably going to updated with a higher jackpot amount (maybe $800 million or more) because they still haven't updated the cash value to $388 million.  As we know, the annuity is calculated from the cash value, not the other way around.

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by winoneday on Jul 22, 2022

He may be the smartest guy out there and knows exactly what the odds are.

Picture this. He has a group of 50 people only spending $2 each. The odds of the group winning the jackpot is around 1 in 6 million. Their cash share of the jackpot can be as much as $7.6 million each.

Looks like a smart move to me.

I asked him. They were all his. If he wins....it's allllll his!

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by Todd on Jul 22, 2022

Jack Whittaker won his then-record Powerball jackpot by buying a $2 hot dog with a $100 bill, and using the change to buy $98 worth of Powerball tickets.  Just sayin'.

Oh yeah..I forgot all about him. 

Wouldn't it be something for this guy to win spending $100!

TheMeatman2005's avatarTheMeatman2005

Quote: Originally posted by Todd on Jul 22, 2022

Weirdly, the cash value was just upped to $388 million  (11th-largest US cash value in history), but the annuity did not change ($660 million).

So, more ticket sales are happening than expected, but I suppose interest rates (used to calculate the annuity) went down a bit.

For more information about how jackpots are calculated, see this video: https://www.lotterypost.com/news/340649

They can raise the cash value all they want since I don't intend on opting for the annuity anyway.

At my age (62), I don't think I may be around in another 30 years. 😬

Show me da money! 

Soledad

I honestly wouldn't know what to do with 660 million dollars. There's this old homeless couple I see every morning. I think they sleep in the park. I see them sitting in the bank just doing nothing. But they stick together. I think I would buy them or rent them out a hotel room for a month. I just would. I'm stupid like that because I really don't care about money. But I know people need it. People. Not just me. The way I am. No stories will change me. They would just get me emotional perhaps. So, dare to dream! You got me for tonight!! Lol. They raking in 25 million a week and no winners or winner. Lot of people feeling like losers out there, lol. Be grateful for what you have, not what you don't have.

Good luck somebody out there, maybe it's me.

mightwin1's avatarmightwin1

Quote: Originally posted by Bleudog101 on Jul 21, 2022

Doubt anyone keeps such records.  Sometimes the big media reports on how many tickets were purchased for said drawing.  Especially when there were billion + drawings they would say an astronomical amount of tickets purchased per minute.

Last draw for Mega sold Total Tickets Sold : 58,096,587

rcbbuckeye's avatarrcbbuckeye

Quote: Originally posted by Soledad on Jul 22, 2022

I honestly wouldn't know what to do with 660 million dollars. There's this old homeless couple I see every morning. I think they sleep in the park. I see them sitting in the bank just doing nothing. But they stick together. I think I would buy them or rent them out a hotel room for a month. I just would. I'm stupid like that because I really don't care about money. But I know people need it. People. Not just me. The way I am. No stories will change me. They would just get me emotional perhaps. So, dare to dream! You got me for tonight!! Lol. They raking in 25 million a week and no winners or winner. Lot of people feeling like losers out there, lol. Be grateful for what you have, not what you don't have.

Good luck somebody out there, maybe it's me.

Lot of people feeling like losers out there, lol. Be grateful for what you have, not what you don't have.

Words of wisdom, Soledad!

CDanaT's avatarCDanaT

Quote: Originally posted by Todd on Jul 22, 2022

Weirdly, the cash value was just upped to $388 million  (11th-largest US cash value in history), but the annuity did not change ($660 million).

So, more ticket sales are happening than expected, but I suppose interest rates (used to calculate the annuity) went down a bit.

For more information about how jackpots are calculated, see this video: https://www.lotterypost.com/news/340649

$388,000,000.00(minus taxes) is a reasonable/respectable amount to start early retirement with. 

TheMeatman2005's avatarTheMeatman2005

Quote: Originally posted by CDanaT on Jul 22, 2022

$388,000,000.00(minus taxes) is a reasonable/respectable amount to start early retirement with. 

As well as enough to make up for lost time.

Perfecttiming2's avatarPerfecttiming2

Quote: Originally posted by Todd on Jul 22, 2022

That page is probably going to updated with a higher jackpot amount (maybe $800 million or more) because they still haven't updated the cash value to $388 million.  As we know, the annuity is calculated from the cash value, not the other way around.

Todd. do you know if this has this ever happened before (when they changed the cash value but not the annuity)?

wander73's avatarwander73

Quote: Originally posted by KY Floyd on Jul 22, 2022

If it rolls it starts at 790, or 464.4 cash if the ratio stays the same. That would be the 4th largest annuity, with about zero chance of moving up to #3 $1.05 billion) without a roll.

It would start as the #9 cash value, with a  pretty good chance of moving up. The same 30 million bump we got for this one would push it to 481.8, barely passing the current #6.

$810 million

wander73's avatarwander73

$790 if no winners which means $810 million

EnReval

All even numbers normally draw a winner

MsBee18

Florida sold millions of tickets and not one million+ winner. I predict a rollover.

wander73's avatarwander73

I told you all no one was going to win it.  I predict $810 and a winning ticket

fellini

It went up 130 million!!!!

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