One other day, another giant lottery jackpot.
Subsequent up is an estimated $1.12 billion Mega Thousands and thousands prize on Tuesday evening, attractive gamers who hope to win the eighth-largest prize in U.S. lottery historical past despite the fact that nobody has gained the jackpot since Dec. 8, 2023. That’s 30 consecutive drawings and not using a jackpot winner.
Miss out on that drawing? No drawback. There shall be a drawing Wednesday evening for an estimated $865 million Powerball jackpot. Nobody has gained that prize both since New Yr’s Day, making for 36 drawings and not using a winner.
For each video games, the lengthy drought of jackpots is not any accident. The video games have lengthy odds particularly to create massive jackpots that can generate plenty of curiosity and gross sales.
For Mega Thousands and thousands, the chances are 1 in 302.6 million, and for Powerball they’re 1 in 292.2 million.
The $1.12 billion Mega Thousands and thousands prize is for a sole winner who chooses to be paid via an annuity over 30 years. A winner who opts for a money payout would get $537.5 million.
These winnings can be topic to federal taxes, and a few states additionally tax lottery winnings.
Mega Thousands and thousands is performed in 45 states plus Washington, D.C., and the U.S. Virgin Islands. Powerball is also performed in these states in addition to Washington, D.C., the U.S. Virgin Islands and Puerto Rico.
