Mega Millions: On Friday night, lottery players will have another chance to win a huge Mega Millions jackpot and end a streak of more than three months without a significant jackpot winner.
Since the last person who correctly matched all six numbers and won the jackpot on April 18, the estimated $910 million prize has been growing. There haven’t been any jackpot winners in 28 consecutive drawings since that time.
The current jackpot is the eighth-largest in American history. It comes just over a week after a Los Angeles resident claimed the sixth-largest Powerball jackpot in American history, worth $1.08 billion. Who earned that reward is still a mystery.
Because there are such slim chances of winning, lottery jackpots increase dramatically. The likelihood of winning the jackpot in Mega Millions is approximately 1 in 302.6 million.
The $910 million reward would be awarded to a single winner who decided to receive annual installments over a 30-year period through an annuity. The average jackpot winner chooses to receive their winnings in one lump amount, which for Friday night’s drawing would be approximately $464.2 million.
Federal taxes would also be due by winners, and many states tax lottery prizes as well.
In 45 states, Washington, D.C., and the U.S. Virgin Islands, Mega Millions is played.