Record jackpots for LOTTO MAX, U.S. Mega Millions

19 October, 2018, 19:15 | Author: Frank Williams
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The Mega Millions jackpot is now at $970 million for Friday after no one matched all six numbers during Tuesday night's drawing, and Saturday's Powerball has now reached $430 million.

The Mega Millions jackpot has climbed to $970 million, inching ever-closer to the $1 billion mark. It will be the largest jackpot in the game's history and the second largest in the U.S. lottery jackpot history.

Both Mega Millions and Powerball offer players eight ways to win other than the jackpot. Their first decision is whether to take the cash option, which would now be $548 million, or an annuity, with one initial payment and annual installments over 29 years. The odds of correctly choosing all five numbers and the Mega Ball number is 1 in 302,575,350.

Information from the Associated Press was used in this report.

The giveaway happens from 10 a.m.to 2 p.m.at Schnucks, 2642 Charles St. Make copies of all the tickets and pass them out.

More news: Bellinger leads off vs. Brewers in Game 5

The odds of winning the Powerball jackpot are 1 in 292 million.

Most people take the cash payout. In Arizona, people who win more than $600 can keep their names secret for 90 days after claiming prizes, but after that names are public record.

The jackpot goes to a victor who matches the five numbers and the Powerball number.

The odds of winning the LOTTO MAX are 1 in 28 million. You can pick your own numbers or the computer will do it for you. The final tax bill can depend on if the state where you live taxes at a higher or lower rate than where you purchased the ticket. "The reality is you can do a lot better with your money than spending it on lottery tickets".

Ascienzo also says while lottery jackpots are overwhelming played by low-income Americans, ticket sales tend to hit a tipping point because higher-income Americans are drawn to the higher jackpots as well.

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