After drawings this weekend for each lottery video games failed to provide a profitable ticket, Mega Thousands and thousands and Powerball continued their regular marches into mend-bendingly giant jackpot numbers.
On Saturday night time, the Powerball jackpot rolled over but once more and now stands at an estimated $800 million, with its subsequent drawing Monday, March 25
Likewise, the Mega Thousands and thousands drawing on Friday night time failed to provide a winner and the jackpot swelled past the billion-dollar barrier. Solely 5 earlier Mega Thousands and thousands jackpots have hit that mark.
Mega Thousands and thousands: $1.1 billion estimated jackpot, subsequent drawing Tuesday, March 26.
Powerball: $800 million estimated jackpot, subsequent drawing Monday, March 25.
This yr now has its first billion-dollar-plus jackpot, a mark that has grow to be extra widespread in recent times. Powerball had a $1.765 billion jackpot (gained by a single ticket) as lately 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.
To play Mega Thousands and thousands, choose 5 numbers between 1 and 70, and a sixth quantity between 1 and 25. In case you don’t need to choose the numbers your self, you may get a set of numbers generated for you.
To play Powerball, choose 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 $1.1 billion.
Winners can choose to take their winnings within the type of an annuity or as a single lump sum, referred to as the money choice. The money choice for the present jackpot is estimated at $525.8 million.
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By taking the annuity choice, the winner would get the total jackpot marketed by Mega Thousands and thousands, however it could be unfold out in funds over 30 years.
Irrespective of how fortunate you might be, you gained’t get round paying taxes on a lottery jackpot. After necessary federal revenue tax withholding, you’d have simply shy of $400 million in case you took the money choice. How rather more you’d pay come tax time can rely upon the place you acquire the ticket — and the place you reside, if that is one other state. To arrange, ensure you know the ins and outs of how the lottery works.
When is the following Mega Thousands and thousands drawing?
The profitable numbers will likely be drawn Tuesday, March 26 at 11 p.m. Jap Time.
If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
The chances of profitable the jackpot are roughly 1 in 303 million.
How a lot is the following Powerball jackpot?
The present jackpot is estimated at $800 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 $384.8 million. After necessary federal taxes, the holder of a single profitable ticket would hold about $292.5 million, minus any state taxes.
When is the following Powerball drawing?
The profitable numbers will likely be drawn Monday, March 25 at 11 p.m. Jap Time.
If there’s nonetheless no jackpot winner, the grand prize will proceed to develop.
The chances of profitable the jackpot are roughly 1 in 292 million.
The jackpot isn’t the one approach to win. Each video games have prizes for ticket holders whose chosen numbers match the drawing in a wide range of mixtures.
10 largest lottery jackpots
$2.04 billion (Powerball, Nov. 8, 2022 — one profitable ticket).
$1.765 billion (Powerball, Oct. 11, 2023 — one profitable ticket).
$1.586 billion (Powerball, Jan. 13, 2016 — three profitable tickets).
$1.58 billion (Mega Thousands and thousands, Aug. 8, 2023 — one profitable ticket).
$1.537 billion (Mega Thousands and thousands, Oct. 23, 2018 — one profitable ticket).
$1.348 billion (Mega Thousands and thousands, Jan. 13, 2023 — one profitable ticket).
$1.337 billion (Mega Thousands and thousands, July 29, 2022 — one profitable ticket).
$1.1 billion (Mega Thousands and thousands, pending).
$1.08 billion (Powerball, July 19, 2023 — one profitable ticket).
$1.05 billion (Mega Thousands and thousands, Jan. 22, 2021 — one profitable ticket).
