The 2 massive nationwide lottery video games are churning towards mega-jackpots. No person received the Powerball jackpot on Monday night time, which tees up an estimated $559 million prime prize for the subsequent drawing. Mega Thousands and thousands, which has not seen a profitable ticket since Dec. 8, affords an estimated $735 million jackpot in Tuesday night time’s drawing.
If both or each proceed to elude a winner in upcoming attracts, 2024 might see its first billion-dollar-plus jackpot, a mark that has develop into extra frequent lately. Powerball had a $1.765 billion jackpot (received by a single ticket) as not too long ago as October 2023.
Powerball and Mega Thousands and thousands tickets are bought for $2 apiece in 45 U.S. states, in addition to Washington, D.C., and the U.S. Virgin Islands.
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To play Mega Thousands and thousands, decide 5 numbers between 1 and 70, and a sixth quantity between 1 and 25. When you don’t wish to decide the numbers your self, you will get a set of numbers generated for you.
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To play Powerball, decide 5 numbers between 1 and 69 and a Powerball quantity from 1 to 26 (or have them randomly generated).
How a lot is the Mega Thousands and thousands jackpot?
The present jackpot is estimated at $735 million. <br>Winners can decide to take their winnings within the type of an annuity or as a single lump sum, often called the money choice. The money choice for the present jackpot is estimated at $356.7 million.
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By taking the annuity choice, the winner would get the complete jackpot marketed by Mega Thousands and thousands, however it might be unfold out in funds over 30 years.
Regardless of how fortunate you’re, you received’t get round paying taxes on a lottery jackpot. After necessary federal revenue tax withholding, you’d get roughly $271.1 million, when you took the money choice. How way more you’d pay come tax time depends upon whether or not you are taking the place you purchased the ticket — and the place you reside. To organize, be sure you know the ins and outs of how the lottery works.
When is the subsequent Mega Thousands and thousands drawing?
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The profitable numbers will likely be drawn Tuesday, March 12 at 11 p.m. Japanese Time.
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If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
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The percentages of profitable the jackpot are roughly 1 in 303 million.
How a lot is the subsequent Powerball jackpot?
The present jackpot is estimated at $559 million.
Like Mega Thousands and thousands, winners of Powerball can select between an annuity that pays out over 30 years or a single lump sum. The money choice for the present jackpot is $273.3 million. After necessary federal taxes, the holder of a single profitable ticket would maintain about $207.7 million, minus any state taxes.
When is the subsequent Powerball drawing?
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The profitable numbers will likely be drawn Wednesday, March 13 at 11 p.m. Japanese Time.
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If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
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The percentages of profitable the jackpot are roughly 1 in 292 million.
The jackpot isn’t the one solution to win. Each video games have prizes for ticket holders whose chosen numbers match the drawing in a wide range of combos.
10 largest lottery jackpots
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$2.04 billion (Powerball, Nov. 8, 2022 — one profitable ticket).
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$1.765 billion (Powerball, Oct. 11, 2023 — one ticket).
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$1.586 billion (Powerball, Jan. 13, 2016 — three tickets).
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$1.58 billion (Mega Thousands and thousands, Aug. 8, 2023 — one ticket).
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$1.537 billion (Mega Thousands and thousands, Oct. 23, 2018 — one ticket).
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$1.348 billion (Mega Thousands and thousands, Jan. 13, 2023 — one ticket).
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$1.337 billion (Mega Thousands and thousands, July 29, 2022 — one ticket).
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$1.08 billion (Powerball, July 19, 2023 — one ticket).
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$1.05 billion (Mega Thousands and thousands, Jan. 22, 2021 — one ticket).
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$768.4 million (Powerball, March 27, 2019 — one ticket).