Mega Millions lottery jackpot reaches record-breaking $1.6 billion prize

Galtero Lara
Octubre 21, 2018

A sign advertising tickets for the Mega Millions lottery drawing seen in Brooklyn.

About 280 million tickets sold in Friday's drawing, none matching the winning mix of 7, 15, 23, 53, 65 and 70 to claim an estimated prize of $1 billion.

Powerball, which held the record for the largest US lottery prize of £1.213 billion ($1.586 bn) in 2016, will hold a separate draw on Saturday.

A drawing was held on Saturday for a Powerball jackpot worth an estimated $470 million.

No winners were immediately announced.

Both lotteries' jackpots have been increased recently by rule changes that have decreased the odds of winning.

The Mega Millions' odds were lowered a year ago to 1-in-303 million from 1-in-259 million, to generate larger prizes.

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The potential Powerball jackpot has now climbed to $620 million for Wednesday's drawing.

If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of $904 million or receive the $1.6 billion prize over 29 years.

The victor might opt for the cash prize of more than $270 million, from which the federal government will take 25% right away, and more later.

No one has won the Mega Millions jackpot since July 24, when a group of 11 workers in California split $543 million.

That is partly by design. The odds of winning the jackpot are about one in 302 million but, with so many tickets being purchased, the likelihood of rollover becomes increasingly slim.

Mega Millions is played in 44 states Washington, D.C., and the U.S. Virgin Islands.

If more than one victor is picked, the jackpot would be divided proportionately, as happened when the previous Mega Millions record of $656 million was drawn in March 2012 and was shared by winners in Kansas, Illinois and Maryland, a lottery official said.

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