The Mega Millions jackpot has soared to $720 million while someone could win tonight’s $1 billion Powerball jackpot.
For Mega Millions, the estimated $720 million jackpot in the next drawing would only be distributed to a winner who chooses an annuity paid over 29 years. Nearly all grand prize winners opt to take a cash payout, which for Friday night’s drawing is an estimated $369.6 million.
Despite the game’s long odds of 1 in 302.6 million, players continue to purchase tickets as the size of the grand prize grows.What can you buy with $1 billion? Among things to keep in mind are that huge jackpots also bring huge tax bills, he said. Not just on the money itself, but high-dollar houses, cars, planes and other property also usually come with big recurring tax and upkeep bills. The idea that lottery winners can just spend lots of money daily forever is a fallacy that has seen more than one lottery winner blow through their winnings, he noted.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
10 biggest Powerball, Mega Millions jackpots won in US lottery history: LISTThe previous record prize was $2.04 billion, won in 2022 by a man in California.
Read more »
10 biggest Powerball, Mega Millions jackpots won in US lottery history: LISTThe previous record prize was $2.04 billion, won in 2022 by a man in California.
Read more »
10 biggest Powerball, Mega Millions jackpots won in US lottery history: LISTThe previous record prize was $2.04 billion, won in 2022 by a man in California.
Read more »
10 biggest Powerball, Mega Millions jackpots won in US lottery history: LISTThe previous record prize was $2.04 billion, won in 2022 by a man in California.
Read more »
Mega Millions jackpot soars to $720M with no winner last night. Powerball hits $1B.No Mega Millions tickets matched all the winning numbers Tuesday night. The combined Powerball and Mega Millions jackpots have reached $1.72 billion.
Read more »