$1.05 billion Mega Tens of millions jackpot drawing provides shot at seventh largest prize ever
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An estimated $1.05 billion Mega Tens of millions jackpot shall be up for grabs, giving lottery gamers an opportunity to snap an unfortunate streak that has stretched on for months
FILE – The awnings of a retailer promote the sale of lottery tickets, together with Mega Tens of millions, Wednesday, Jan. 11, 2023, in New York. The Mega Tens of millions prize has grown to an estimated $1.05 billion for the Tuesday, Aug. 1, 2023, drawing. (AP Picture/Seth Wenig, File)
The Related Press
An estimated $1.05 billion Mega Tens of millions jackpot shall be up for grabs Tuesday night time, giving lottery gamers an opportunity to snap an unfortunate streak that has stretched on for months.
Nobody has gained the Mega Tens of millions jackpot since April 18, permitting it to roll over repeatedly till it reached its standing as tied for the seventh-largest in U.S. historical past. Tuesday night time’s drawing would be the thirtieth since somebody final gained the jackpot.
The drought is because of a mix of poor luck and horrible odds, as the possibility of profitable the Mega Tens of millions jackpot is 1 in 302.6 million. The percentages of profitable smaller prizes, starting from $1 million to $2, are considerably higher.
The $1.05 billion jackpot is for a sole winner who chooses to gather by means of an annuity, with annual funds over 30 years. A sole winner who opts for a lump sum cost would obtain an estimated $527.9 million.
Winners additionally could be topic to federal taxes, and plenty of states additionally tax lottery winnings.
Mega Tens of millions is performed in 45 states, Washington, D.C., and the U.S. Virgin Islands.
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