Mega Millions ticket-buying frenzy forces new jackpot estimate

Comment #20

fellini — Wed, 13 Jan 2021 06:35:36 GMT

I can't believe the jackpot went up 125 million to 750 million.

Comment #19

Toronto — Wed, 13 Jan 2021 05:40:33 GMT

No winner. $750 million, I want it very badly

Comment #18

HaveABall — Wed, 13 Jan 2021 05:25:18 GMT

Todd, so far you are correct! Woohoo, you must be at one with the force.

.

Comment #17

NY10 — Wed, 13 Jan 2021 05:25:00 GMT

I played 1 ticket and I picked my numbers

Was close for at least 4+1 but it doesn't matter

I picked 11,12,27,37,69 (7)

14,12,26,33, (9

Comment #16

MsBee18 — Wed, 13 Jan 2021 05:12:27 GMT

Results for Jan 12th are in: 12 14 26 28 33 MB 9

FL had (2) 5+0 winners

Comment #15

deborahl — Wed, 13 Jan 2021 02:17:46 GMT

Thanks for helping me understand. God luck

Comment #14

BBLL — Wed, 13 Jan 2021 00:50:18 GMT

Then pay another tax the next tax year around 37

Comment #13

HaveABall — Wed, 13 Jan 2021 00:21:42 GMT

deborahl, these are great questions. The first answer is that the cash lump sum is a figure that is derived after all the ticket vendors ticket revenue shares, employees and contractors salaries, supplies, miscellaneous expenses, advertising costs, etc. get deducted. After that, then they can figure out the projected interest earned on the remaining monies if invested at medium risk for 29 years (of course that's the annuity amount that everyone sees advertised on the big signs).

Your next gr... [ More ]

Comment #12

NY10 — Wed, 13 Jan 2021 00:20:38 GMT

Cash amount is the cash on hand they have after they have paid all the lower prizes...From that cash amount the winner will pay federal and state taxes and then he gets the net payout but will still owe another 13% federal tax the year after because federal tax is withheld on the spot only 24 percent

Comment #11

paymentplan-man — Wed, 13 Jan 2021 00:11:12 GMT

I believe the jackpot (annuity amount) that's advertised is the amount of money you would receive once the lottery invests the amount and pays you over the course of 20 years. The cash amount is the value of the bonds currently. The interest rates are always changing so sometimes the cash amount could be 80% of the total annuity or it could be 60%. I feel like I read this somewhere before but you could do a Google search to fact check me.

What does it mean when it says how much tax will... [ More ]

Comment #10

EnReval — Tue, 12 Jan 2021 20:49:36 GMT

You're right, hope that several tickets win to help more families! I have not been out of a job, so I can't complain if I don't win. Too many families are on the brink.

Just use it wisely

Comment #9

deborahl — Tue, 12 Jan 2021 20:45:08 GMT

I don't understand, how do they come up with the cash amount you will get if you choose the option to get it all in 1 lump sum?

What does it mean when it says how much tax will be taken out and then the final tax is more? Do they take more out than what the state tax actually is

Comment #8

NY10 — Tue, 12 Jan 2021 19:57:13 GMT

33 rollovers

Comment #7

cottoneyedjoe — Tue, 12 Jan 2021 19:45:33 GMT

Comment #6

noise-gate — Tue, 12 Jan 2021 19:43:36 GMT

Exactly Jeff. With covid raging throughout the country the world, this is our silver lining at the moment. Imagine if you will, you have lost a loved one close to you, friends taken ill others who have lost their jobs, their homes. Then you win it, you could change lives in ways you couldn't imagine. Grandma was right, she said You can't take it with you. Plus we told, there is more happiness in giving than in receiving.

Make it so

Comment #5

hearsetrax — Tue, 12 Jan 2021 18:38:05 GMT

Comment #4

Bleudog101 — Tue, 12 Jan 2021 18:32:19 GMT

Seems like the good old lottery days are here with us however temporarily.

With all the chaos enjoying the media drawing attention to these two lotteries, something positive.

Comment #3

Todd — Tue, 12 Jan 2021 18:30:09 GMT

If nobody wins tonight the Friday jackpot will be $750 million.

Comment #2

Bleudog101 — Tue, 12 Jan 2021 18:23:28 GMT

He does a wonderful job.

Anybody up for $650 million tonight??? Still time.

Comment #1

noise-gate — Tue, 12 Jan 2021 17:26:21 GMT

l love it, what can l say! Thanks for keeping us informed Chief

Mega Millions ticket-buying frenzy forces new jackpot estimate

Lottery Post — Tue, 12 Jan 2021 17:21:35 GMT

Tonight's Mega Millions jackpot is now $625 million

By Todd Northrop

Across the United States, Mega Millions lottery tickets are being sold at such a rapid pace that lottery officials were forced to raise the jackpot estimate for the second time in two days.

Just a day after the jackpot was raised to $615 million, the state lotteries have once again raised the official Mega Millions jackpot estimate for the Tue., Jan. 12, drawing to $625 million, with a lump-sum cash payout of $458.8 mi... [ More ]