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MM jackpot turns out to be $390m

Topic closed. 21 replies. Last post 10 years ago by Just6ntlc.

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Bradly_60's avatar - disney37
Atlantic Mine, Michigan
United States
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June 23, 2002
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Posted: March 7, 2007, 3:51 pm - IP Logged

Wow that was a huge jump.  Almost the first $400,000,000 jackpot.  Well maybe next time....haha

B-rad

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    Greenwich, CT
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    Posted: March 7, 2007, 4:20 pm - IP Logged

    Powerball will have a tough time reclaiming sole possession of the record.  Unless of course they get lucky and a jackpot rolls over at about $370m, and then the cap goes into effect at $395m.

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      California
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      Posted: March 7, 2007, 4:28 pm - IP Logged

      Wow that was a huge jump.  Almost the first $400,000,000 jackpot.  Well maybe next time....haha

      B-rad

      Bradly_60...where did you see the $390 million figure.  Everthing I checked (MM, CA, OH) still shows $370 Million.  It  was going to go higher, $390 million is way up there.

        Raven62's avatar - binary
        New Jersey
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        June 28, 2005
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        Posted: March 7, 2007, 4:35 pm - IP Logged

        Bradly_60...where did you see the $390 million figure.  Everthing I checked (MM, CA, OH) still shows $370 Million.  It  was going to go higher, $390 million is way up there.

        It's in the scrolling News on the MM Homepage!

        Strange that they didn't update the rest of the website!

        A mind once stretched by a new idea never returns to its original dimensions!

          justxploring's avatar - villiarna
          Wandering Aimlessly
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          Posted: March 7, 2007, 4:58 pm - IP Logged

          When I "googled" Mega Millions earlier, $395 million was the amount shown.  One article said:

          According to New Jersey Lottery officials, the annuity value of the ticket is $195 million and the cash option is $116.5 million, but that's before a federal tax of 25 percent. New Jersey does not tax lottery winnings.

          Took me a second (I said "huh?") and then I realized they were talking about each winner's prize, so that's $390 million!

            djklaugh's avatar - Lottery-031.jpg
            Portland,Oregon
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            Posted: March 7, 2007, 5:26 pm - IP Logged

            This from the MegaMillions official web site:  

            MEGA MILLIONS JACKPOT EVEN LARGER THAN ESTIMATE – TOTALS $390 MILLION! Two Tickets, Sold In Georgia And New Jersey, Will Split Record-Setting Jackpot
            When the numbers were totaled, the Mega Millions jackpot broke all expectations by ringing in at a jaw-dropping $390 million for the March 6, 2007 drawing.

            Now two lucky ticket-holders are about to have the experience of a lifetime as each claims half of that amazing jackpot. Those tickets were sold in Dalton, Georgia and Cape May County, New Jersey.

            The winning numbers were 16-22-29-39-42 and the Mega Ball number was 20.

            That $390 million now holds the record as the largest jackpot ever in North America.

            The high level of excitement and play in and around Mega Millions states created more than 5.3 million winning tickets in Tuesday’s drawing. That includes 43 tickets that each won $250,000 for matching the first five numbers and only missing the Mega Ball number*.

            Here is a breakdown of all the winning tickets in Tuesday’s drawing:

            2 tickets matched all 6 numbers for the JACKPOT!
            43 tickets matched 5 numbers for $250,000
            319 tickets matched 4 numbers + the Mega Ball for $10,000
            14,111 tickets matched 4 numbers for $150
            15,589 tickets matched 3 numbers + the Mega Ball for $150
            251,648 tickets matched 2 numbers + the Mega Ball for $10
            692,511 tickets matched 3 numbers for $7
            1,504,648 tickets matched 1 number + the Mega Ball for $3
            2,852,862 tickets matched the Mega Ball for $2

            Djklaugh

              Some things have to be believed to be seen.

            "I have not failed. I have just found ten thousand things that don't work".  Thomas Edison

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              Posted: March 7, 2007, 5:27 pm - IP Logged

              They were interviewing Georgian winner, Ed Nabors, on headline New live and the host said it was actually $390M. She also said there where only 2 winners. Ed said the ticket was qp.

                twisted's avatar - underground
                New Jersey
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                Posted: March 7, 2007, 5:35 pm - IP Logged

                Powerball will have a tough time reclaiming sole possession of the record.  Unless of course they get lucky and a jackpot rolls over at about $370m, and then the cap goes into effect at $395m.

                It doesnt matter if Powerball gets to $370 million or higher before the cap because it will still not go over $390 million annuity.  The cap is set from the previous record of $365 million, not how high the jackpot is before the cap.  So all powerball can do now is TIE the record.  But even if PB reaches $390 million, the cash value would only be approximately $187 million compared to Mega Millions $233 million.

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                  California
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                  Posted: March 7, 2007, 6:01 pm - IP Logged

                  To all the Powerball afficiandos...how exactly does the Powerball cap/roll down work?  As I'm in California I play Mega Millions and Super Lotto Plus so please enlighten me.

                  The current Powerball record is $365 million.  If the jackpot for the drawing is at $360 and is not won what happens to the jackpot amount for the next drawing? 

                  What if for some strange reason the jackpot is $365 and not won?  Is the maximum it can go up $25 million with the rest rolling down to the 5+0 winners?

                   Thanks in advance for your answers

                    MegaWinner's avatar - Lottery-029.jpg
                    New Jersey
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                    Posted: March 7, 2007, 7:17 pm - IP Logged

                    I got my $10 bucks on tonights powerbal jackpot!  I hope I win it!  Good luck to everyone else!

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                      Greenwich, CT
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                      May 24, 2004
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                      Posted: March 7, 2007, 7:23 pm - IP Logged

                      To all the Powerball afficiandos...how exactly does the Powerball cap/roll down work?  As I'm in California I play Mega Millions and Super Lotto Plus so please enlighten me.

                      The current Powerball record is $365 million.  If the jackpot for the drawing is at $360 and is not won what happens to the jackpot amount for the next drawing? 

                      What if for some strange reason the jackpot is $365 and not won?  Is the maximum it can go up $25 million with the rest rolling down to the 5+0 winners?

                       Thanks in advance for your answers

                      Right.  If the final total for the drawing is $360m, then the next draw will cap the jackpot at $390m (25m above the record), and any additional funds that would have gone to the jackpot will go to the next highest prize level in which there is a winner, which will almost certainly be 5+0.

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                        Morrison, IL
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                        Posted: March 7, 2007, 8:21 pm - IP Logged

                        $233 million cash!!!!? That's a TRUE WORLD RECORD. It even beats Euro Millions' record of $229 million set on November 17, 2006.

                        On a side note, Mega Millions sold 212,819,366 tickets for Tuesday night's draw, which is another record (at least for the US).

                          Bradly_60's avatar - disney37
                          Atlantic Mine, Michigan
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                          Posted: March 7, 2007, 9:10 pm - IP Logged

                          I just saw the sales figures also.  Over $210,000,000 in tickets sold....truly amazing.  Almost all states sold more tickets then people in the states!  haha

                          B-rad

                            MegaWinner's avatar - Lottery-029.jpg
                            New Jersey
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                            Posted: March 7, 2007, 9:14 pm - IP Logged

                            I think we will see another huge jackpot before this year is out.

                              twisted's avatar - underground
                              New Jersey
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                              Posted: March 7, 2007, 9:36 pm - IP Logged

                              The current Powerball record is $365 million.  If the jackpot for the drawing is at $360 and is not won what happens to the jackpot amount for the next drawing? 

                              If the jackpot is at $360 million and rolls, the maximum it will get to is $390 million because the previous record was $365 million.  The cap rule says that the jackpot can only roll upto $25 million higher than the previous record.

                              Even if the jackpot is at $389 million before rolling, it will only be allowed to reach $390 million.