Mega Millions Passes $1B as Powerball Hits $800M

After drawings this weekend for each lottery video games failed to provide a successful 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 12 months now has its first billion-dollar-plus jackpot, a mark that has change into extra widespread 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 offered 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, decide 5 numbers between 1 and 70, and a sixth quantity between 1 and 25. In the event you don’t wish to decide the numbers your self, you will get a set of numbers generated for you.

• To play Powerball, decide 5 numbers between 1 and 69 and a Powerball quantity from 1 to 26 (or have them randomly generated).

The present jackpot is estimated at $1.1 billion.

Winners can decide to take their winnings within the type of an annuity or as a single lump sum, often known as the money choice. The money choice for the present jackpot is estimated at $525.8 million.

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.

Regardless of how fortunate you might be, you received’t get round paying taxes on a lottery jackpot. After obligatory federal earnings tax withholding, you’d have simply shy of $400 million when you took the money choice. How way more you’d pay come tax time can rely on the place you purchased the ticket — and the place you reside, if that is one other state. To organize, be sure to know the ins and outs of how the lottery works.

• The successful numbers shall 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 percentages of successful the jackpot are roughly 1 in 303 million.

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 obligatory federal taxes, the holder of a single successful ticket would hold about $292.5 million, minus any state taxes.

• The successful numbers shall 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 percentages of successful the jackpot are roughly 1 in 292 million.

The jackpot isn’t the one option to win. Each video games have prizes for ticket holders whose chosen numbers match the drawing in quite a lot of combos.