The Mega Millions jackpot has surged to an astounding $980 million ahead of Friday’s drawing, following a recent lack of winning tickets that matched all six numbers, according to lottery officials. This figure marks an increase of $80 million from the previous drawing, which took place on Tuesday night when the jackpot stood at $900 million.
Players face a tempting choice should they win: they can either opt for an annuity, which pays out in installments over 29 years, or take the cash option of a one-time, lump-sum payment amounting to approximately $452.2 million before taxes. In the event that multiple winners are drawn, the jackpot will be shared among them.
Earlier this year, there were four Mega Millions jackpot victories, but Friday’s drawing will represent a notable milestone as it marks the 40th consecutive drawing without a winner since the last jackpot win on June 27—setting a new record for the game.
On another note in the lottery world, two lucky players in Missouri and Texas recently secured a massive Powerball jackpot of nearly $1.8 billion, one of the highest lottery sums in U.S. history. Although the current Mega Millions jackpot does not rank among the top 10 largest in U.S. lottery history, it would still be the eighth-largest in Mega Millions’ history since the game’s inception in 2002.
Tickets for the Mega Millions game are sold at a price of $5 each across 45 states, Washington, D.C., and the U.S. Virgin Islands. It is important to note that half of the proceeds from the sale of each ticket stays in the jurisdiction where it was purchased. Local lottery agencies oversee the game, and state laws determine how the profits are allocated.
In terms of winning odds, players face a daunting challenge: the chances of hitting the jackpot are estimated at 1 in 290,472,336. However, the odds of winning any prize in the Mega Millions game are more favorable, standing at 1 in 23.
As excitement builds around the potential for life-changing winnings, it’s also worth discussing the implications of gambling. The National Council on Problem Gambling defines problem gambling as behavior that negatively impacts an individual or their family, often disrupting everyday life and careers. This condition is recognized as a mental health issue, with the council emphasizing that anyone who participates in gambling activities may be at risk. For those seeking help, the National Problem Gambling Helpline at 1-800-522-4700 provides resources and assistance for individuals facing gambling-related issues.
